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25 Apr 2013
Forex: US Dollar Index consolidates losses below 83.00
FXstreet.com (Barcelona) - The US Dollar Index, which gauges the greenback against its major competitors, is trading in the red territory on Thursday, losing at the same time the 83.00 figure.
“We still favour a higher USD on a multi week basis but the near term event risk is likely to prevent a sustained move higher in the DXY through the 83.00 level. ISM and payrolls are likely to disappoint for another month, given negative leads from the regional business surveys”, commented the research team at Westpac.
At the moment, the index is losing 0.19% at 82.87 and according to tradingcentral.com, the next support levels line up at 82.35, 82.25 and 82.10; resistance barriers are located at 83.05 and 83.20.
“We still favour a higher USD on a multi week basis but the near term event risk is likely to prevent a sustained move higher in the DXY through the 83.00 level. ISM and payrolls are likely to disappoint for another month, given negative leads from the regional business surveys”, commented the research team at Westpac.
At the moment, the index is losing 0.19% at 82.87 and according to tradingcentral.com, the next support levels line up at 82.35, 82.25 and 82.10; resistance barriers are located at 83.05 and 83.20.