US Dollar firmer, clinches highs above 95.00

The greenback, tracked by US Dollar Index, has recovered the smile today, advancing to fresh tops just above the 95.00 mark so far today.

US Dollar supported near 94.80

The index is extending the rebound from yesterday’s lows in the mid-94.00s, advancing for the third session in a row and managing to regain the key barrier at 95.00 the figure.

In the meantime, the up-trend line off 2016 low (May 3) – which has been tested twice this week - continues to offer quite a strong support for occasional pullbacks, lending extra legs to the current rebound.

Later in the US docket Boston Fed E.Rosengren is due to speak followed by July’s Wholesale Inventories (0.1% exp.).

US Dollar relevant levels

The index is gaining 0.03% at 95.06 and a break above the 100-day sma at 95.22 would open the door for a test of 95.41 (61.8% Fibo of the July-August drop) and finally 96.18 (200-day sma). On the downside, the next support lines up at 94.05 (low Aug.18) followed by 93.03 (low Jun.23) and the 91.88 (2016 low May 3).