US Dollar testing highs near 96.80

A bout of buying interest is now sending the US Dollar Index to daily highs in the 96.75/80 band.

US Dollar focus on data, risk trends

The index has left behind Monday’s pullback and is now extending its recent upside to levels closer to the key 97.00 barrier amidst increasing sentiment towards the risk-off trade.

Later in the NA session, the UK housing sector will take centre stage in light of the publication of Housing Starts and Building Permits for the month of June.

US Dollar relevant levels

The index is gaining 0.17% at 96.73 and a breakout of 96.86 (high Jun.27) would aim for 97.09 (high Mar.16) and finally 98.58 (high Mar.1). On the flip side, the next support aligns at 95.99 (20-day sma) followed by 95.38 (low Jul.5) and then 95.09 (55-day sma).