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10 Apr 2015
DXY keeps gains above 99.00
FXStreet (Edinburgh) - The greenback, in terms of the US Dollar Index keeps the buoyant tone at the end of the week, currently hovering over the mid-99.00s.
DXY supported at 96.00
Sellers tested twice the key support at 96.00 in the last couple of weeks, failing to breach it and thus sparking the current rebound to levels beyond the 99.00 handle, fully recovering the post-FOMC dip.
Interesting week ahead for the dollar, with the main highlights being the releases from the US housing sector, retail sales, the Fed’s Beige Book and plenty of Fedspeak.
DXY relevant levels
The index is now up 0.26% at 99.41 and a break above 99.68 (high Apr.10) would target 99.79 (high Mar.18) and then 100.00 (psychological level). On the downside, the immediate support lines up at 97.25 (low Apr.8) ahead of 96.92 (low Apr.7) and finally 96.33 (low Apr.6).
DXY supported at 96.00
Sellers tested twice the key support at 96.00 in the last couple of weeks, failing to breach it and thus sparking the current rebound to levels beyond the 99.00 handle, fully recovering the post-FOMC dip.
Interesting week ahead for the dollar, with the main highlights being the releases from the US housing sector, retail sales, the Fed’s Beige Book and plenty of Fedspeak.
DXY relevant levels
The index is now up 0.26% at 99.41 and a break above 99.68 (high Apr.10) would target 99.79 (high Mar.18) and then 100.00 (psychological level). On the downside, the immediate support lines up at 97.25 (low Apr.8) ahead of 96.92 (low Apr.7) and finally 96.33 (low Apr.6).