TenkoFX - Analytics


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    US Dollar a tad lower around 95.60

    The greenback, when tracked by the US Dollar Index, is posting marginal losses today, currently hovering over 95.60.US Dollar supported at 95.50The index is retreating for the second session in a row today, coming down after testing recent peaks in the mid-96.00s, where sits the key 200-day sma.Markets remain sidelined so far today in response to the inactivity in the US markets and the lack of news following the recent events in the UK.Next on tap for USD will be May’s Factory Orders and the speech by FOMC’s W.Dudley, all due tomorrow.US Dollar relevant levelsThe index is retreating 0.04% at 95.68 and a breach of 93.03 (low Jun.23) would expose 92.52 (low Aug.24 2015) and finally 91.88 (2016 low May 3). On the flip side, the next up barrier lines up at 96.86 (high Jun.27) followed by 97.09 (high Mar.16) and finally 98.58 (high Mar.1).

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