After climbing as high as the region of 92.80, the momentum upward around the index of the US dollar (DXY) lost power and now is backing away towards the area 92.60/55.
U.s. dollar firmer after data
The index has been extended a rebound to new highs 3 days in the limits of 92.80 on Wednesday, mainly supported by the bias of selling renovated in EUR, while the positive results of the agenda of the united States have also helped with the rise.
The DXY picked up extra traction today after the feeling-of-sale around the EUR/USD, particularly after the strong move yesterday beyond 1.2000. In addition, the yields of the main reference of 10 years in the united States also recovered at around the 6 points from the lows of the Tuesday at levels lower than the 2.09%, collaborating with the tone of supply in the dollar.
In the same line, the readings better than expected report from ADP (237 thousand) and the P2 of the flash of the second quarter (3.0%) lent additional support to the dollar.
Looking to the future, the USD should remain under pressure in light of the upcoming figures of PCE in the morning, and the non-farm payrolls and the manufacturing ISM scheduled on Friday.
Levels relevant to the us dollar
When writing, the index is gaining 0.39% to 92.63 and a break above 92.87 (maximum 30 August) will focus on the possibility 93.00 (SMA 10) in route to 93.20 (SMA 21).
On the other hand, the next support aligns at 91.63 (minimum of 29 August) followed by 91.51 (minimum 15 January 2015) and finally 90.00 (brand psychological).