Forex: US Dollar Index keeps the upside, eyes on 82.00

FXstreet.com (Barcelona) - The US Dollar Index is recovering ground on Tuesday after falling to the boundaries of 81.60 on increased risk aversion. The negative effects of the Italian elections accelerated the inflows into the safe havens, pushing the greenback to the vicinity of the key resistance at 82.00

In the data space, Chief B.Bernanke exalted the benefits of the ongoing QE programme although he warned at the same time that further stimulus could affect the Fed’s exit ability. The USD found extra support from better US Consumer Confidence and New Home Sales, exceeding expectations and previous prints.

At the moment the index is gaining 016% at 81.90
According to tradingcentral.com, the next resistance levels lie at 82.10 and 82.40; while support levels are located at 81.45, 81.20 and 81.05

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS