FXStreet – the dollar is no break. The US Dollar Index, which represents the strength of the USD vs. its 6 most important rivals, the new 2017 Low of 97,20, from where it comes to a recovery attempt.
US Dollar falls to the November levels
The Index has resumed its downward movement on Friday again, so that yesterday’s recovery was quickly undone, and so the trade takes place at the level of the beginning of November, where the price was prior to the US elections.
Today, there are no data from the US economy, but the St. Luis Fed President J. Bullard (2019 voters, centrist) will hold a speech.
USD relevant levels
Currently, the daily loss -0,55% 97,23 and the next supports is at 96,94 (Tief 4. November 2016) and 95,91 (Deep-9. November 2016). On the other hand, Resistances can be found at 7 90,97 (High 18. May), 98,01 (High-17. May) 98,77 (High 16. May).
** FXStreet News Editorial, FXStreet**