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21 Feb 2013
Forex: US Dollar Index up around 81.50
The US Dollar Index, which tracks the greenback against its major competitors, is extending the post-FOMC rally on Thursday, retracing some ground after printing fresh tops above 81.60
“Next week’s testimony from Fed Chairman Bernanke now takes on added importance as a barometer of whether the minutes simply reflect ongoing discussion, or a real changed in the Fed’s policy view”, suggested analysts at Wells Fargo bank.
At the moment, the index is up 0.40% at 81.47
According to tradingcentral.com, the next resistance levels line up at 81.75 and 82.05; while support levels align at 81.00, 80.70 and 80.55
“Next week’s testimony from Fed Chairman Bernanke now takes on added importance as a barometer of whether the minutes simply reflect ongoing discussion, or a real changed in the Fed’s policy view”, suggested analysts at Wells Fargo bank.
At the moment, the index is up 0.40% at 81.47
According to tradingcentral.com, the next resistance levels line up at 81.75 and 82.05; while support levels align at 81.00, 80.70 and 80.55