US Dollar testing highs near 95.70

The greenback has recovered the smile at the beginning of the week, now taking the US Dollar Index to the 95.65/70 band.

US Dollar firmer ahead of ISM

The index is trimming part of last week’s sharp sell-off from multi-month tops in the 97.60 region last Monday, dropping to as low as the 95.30 region in the wake of the poor prints from advanced US Q2 GDP and Consumer Sentiment tracked by the Reuters/Michigan index.

Next on tap in the US calendar will be the key ISM Manufacturing for the last month, expected to ease a tad to 53.0 vs. May’s 53.2.

US Dollar relevant levels

The index is up 0.16% at 95.68 facing the next hurdle at 96.65 (200-day sma) followed by 97.62 (high Jul.25) and finally 98.58 (high Mar.1). On the other hand, a break below 95.33 (low Jul.29) would expose 95.11 (100-day sma) and finally 94.78 (61.8% Fibo of 93.03-97.62).