6 Jul 2015
DXY advances near 96.50
FXStreet (Edinburgh) - The US Dollar Index, which gauges the greenback vs. its main rivals, is extending the upside momentum above the 96.00 mark.
DXY stronger on Greek woes
Yesterday’s solid win of the ‘No’ vote in the Greek referendum has boosted the demand for the safe haven USD, which is consolidating the break above the 96.00 handle amidst a risk-aversion context.
Data wise in the US, the services sector will take centre stage, as the ISM Non Manufacturing and Markit’s PMI will be published ahead of the Fed’s Labour Market Conditions Index.
DXY relevant levels
As of writing the index is up 0.34% at 96.44 with the initial resistance at 96.63 (high Jul. 6) ahead of 96.91 (high Jun.5) and finally 97.34 (high Jun.5). On the flip side, a breach of 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18).
DXY stronger on Greek woes
Yesterday’s solid win of the ‘No’ vote in the Greek referendum has boosted the demand for the safe haven USD, which is consolidating the break above the 96.00 handle amidst a risk-aversion context.
Data wise in the US, the services sector will take centre stage, as the ISM Non Manufacturing and Markit’s PMI will be published ahead of the Fed’s Labour Market Conditions Index.
DXY relevant levels
As of writing the index is up 0.34% at 96.44 with the initial resistance at 96.63 (high Jul. 6) ahead of 96.91 (high Jun.5) and finally 97.34 (high Jun.5). On the flip side, a breach of 94.30 (low Jun.23) would aim for 93.81 (low Jun.22) and finally 93.57 (low Jun.18).