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23 Apr 2013
Forex: US Dollar Index testing highs above 83.00
FXstreet.com (Barcelona) - The US Dollar Index, which tracks the greenback vs. its major competitors, keeps pushing higher on Tuesday, testing session highs in the area of 83.10/15 at the same time.
In the data front, the US Markit manufacturing PMI print missed estimates, falling to 52 for the month of April vs. March’s 54.6. Further data showed that New Home Sales increased by 0.417 million in March, although came in short of estimates at 0.420 million and the Richmond Fed manufacturing index dropped to -6 in April from 3 previous.
At the moment, the index is up 0.34% at 83.10 and according to tradingcentral.com, the next resistance levels line up at 83.20 and 83.35; on the flip side, support levels align at 82.60, 82.35 and 82.10.
In the data front, the US Markit manufacturing PMI print missed estimates, falling to 52 for the month of April vs. March’s 54.6. Further data showed that New Home Sales increased by 0.417 million in March, although came in short of estimates at 0.420 million and the Richmond Fed manufacturing index dropped to -6 in April from 3 previous.
At the moment, the index is up 0.34% at 83.10 and according to tradingcentral.com, the next resistance levels line up at 83.20 and 83.35; on the flip side, support levels align at 82.60, 82.35 and 82.10.