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    US Dollar extends the break above 94.00

    The US Dollar Index, which gauges the buck vs. its main rivals, is climbing to session highs in the 94.40 area.US Dollar up on risk aversion, dataThe persistent risk aversion mood has been lending support to the greenback during the second half of the week, which continues to push higher after the wave of selling interest post-Payrolls has dragged the index to as low as the 93.40 region on Wednesday.In addition, USD rally found extra legs in the better-than-expected prints from the advanced Reuters/Michigan index, showing US Consumer Sentiment has come in at 94.3 for the current month vs. 94.0 initially estimated.As markets seem to have already priced in a ‘no hike’ at the FOMC meeting on Wednesday, expectations of a potential hike in July has been gathering steam as of late, also collaborating with the up move in DXY.US Dollar relevant levelsThe index is gaining 0.39% at 94.31 facing the next hurdle at 94.51 (55-day sma) followed by 94.89 (55-day sma) and then 95.96 (high May 30). On the flip side, a breach of 93.41 (low Jun.8) would open the door to 92.76 (78.6% Fibo of the May up move) and then 91.88 (2016 low May 3).


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