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26 Feb 2013
Forex: US Dollar Index keeps the upside, eyes on 82.00
The US Dollar Index is recovering ground on Tuesday after falling to the boundaries of 81.60 on increased risk aversion. The negative effects of the Italian elections accelerated the inflows into the safe havens, pushing the greenback to the vicinity of the key resistance at 82.00
In the data space, Chief B.Bernanke exalted the benefits of the ongoing QE programme although he warned at the same time that further stimulus could affect the Fed’s exit ability. The USD found extra support from better US Consumer Confidence and New Home Sales, exceeding expectations and previous prints.
At the moment the index is gaining 016% at 81.90
According to tradingcentral.com, the next resistance levels lie at 82.10 and 82.40; while support levels are located at 81.45, 81.20 and 81.05
In the data space, Chief B.Bernanke exalted the benefits of the ongoing QE programme although he warned at the same time that further stimulus could affect the Fed’s exit ability. The USD found extra support from better US Consumer Confidence and New Home Sales, exceeding expectations and previous prints.
At the moment the index is gaining 016% at 81.90
According to tradingcentral.com, the next resistance levels lie at 82.10 and 82.40; while support levels are located at 81.45, 81.20 and 81.05