15 Feb 2016
US Dollar flirts with highs near 96.60
The greenback, measured by the US Dollar Index, is extending the recently sparked upside momentum, currently testing session peaks in the mid-96.00s.
US Dollar up on sentiment
The greenback is advancing further on Monday, prolonging the upbeat note after last Friday’s auspicious results from key US Retail Sales during January.
The risk-on sentiment has been on the rise since today’s early trade in Asia, giving the dollar extra wings and pushing it to test the area of 4-day highs in the 96.50/60 band.
The broad risk-appetite trends will be the exclusive drivers today amidst the inactivity in US markets due to the President’s Day holiday.
US Dollar levels to watch
The index is up 0.57% at 96.53 facing the next hurdle at 97.29 (200-day sma) ahead of 97.50 (high Feb.8) and then 98.28 (55-day sma). On the other hand, a breach of 95.43 (76.4% Fibo of 93.86-100.60) would target 94.19 (low Sep.18 2015) en route to 93.86 (low Oct.14).
US Dollar up on sentiment
The greenback is advancing further on Monday, prolonging the upbeat note after last Friday’s auspicious results from key US Retail Sales during January.
The risk-on sentiment has been on the rise since today’s early trade in Asia, giving the dollar extra wings and pushing it to test the area of 4-day highs in the 96.50/60 band.
The broad risk-appetite trends will be the exclusive drivers today amidst the inactivity in US markets due to the President’s Day holiday.
US Dollar levels to watch
The index is up 0.57% at 96.53 facing the next hurdle at 97.29 (200-day sma) ahead of 97.50 (high Feb.8) and then 98.28 (55-day sma). On the other hand, a breach of 95.43 (76.4% Fibo of 93.86-100.60) would target 94.19 (low Sep.18 2015) en route to 93.86 (low Oct.14).