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17 Jul 2013
US Dollar Index in highs around 82.90
FXstreet.com (Barcelona) -The US Dollar Index, which tracks the greenback against its major rivals, is picking up pace after Bernanke’s testimony was less dovish than previously expected.
DXY finds support around 82.35
After dipping to intraday lows near 82.30, Bernanke’s words gave the USD some oxygen, lifting the index to session peaks in the boundaries of 82.90. in the view of BBH Global Currency Strategy Team, “As we do not see Bernanke breaking new ground in his prepared remarks, we would not be surprised to see the greenback recover”.
DXY levels to consider
At the moment the index is up 0.46% at 82.83 with the next resistance at 82.85 followed by 83.20 and then 83.45. On the flip side, a dip beyond 82.20 would bring 82.00 and finally 81.60.
DXY finds support around 82.35
After dipping to intraday lows near 82.30, Bernanke’s words gave the USD some oxygen, lifting the index to session peaks in the boundaries of 82.90. in the view of BBH Global Currency Strategy Team, “As we do not see Bernanke breaking new ground in his prepared remarks, we would not be surprised to see the greenback recover”.
DXY levels to consider
At the moment the index is up 0.46% at 82.83 with the next resistance at 82.85 followed by 83.20 and then 83.45. On the flip side, a dip beyond 82.20 would bring 82.00 and finally 81.60.