FXStreet — The Dollar Index, which represents the strength of the USD vs. its 6 most important rivals, is on Wednesday on the Defensive, and so it comes to a consolidation attempt to 99,30.
USD gains limited in the vicinity of the 99,60
After 2 days of gains today to a break, after which the 99,60 offered a strong resistance. Previously, it came on Monday in the vicinity of 98.30 on the new 2017 Deep to bottom out.
The positive Fed the expectations of a Fed rate hike in June have pushed Talk. Last Friday, the US NFP came in for April, better than expected and there was a strong recovery in the DXY.
From the USA today there is the Export/import price index, and added to that, the EIA crude oil stocks of the USA and the Boston Fed E. Rosengren (2019 voter, hawkish) speech.
USD relevant levels
Currently, the daily loss to -0.13% 99,32 and the next supports is at 99,13 (200-day SMA) 99,05 (23,6 % Fibo of the April-may decline), and 98,96 (Deep-9. May). On the other hand, Resistances can be found at 99,56 (High-9. May), 99,81 (50 % Fibo of the April-may decline), and 99,94 (High 21. April).
** FXStreet News Editorial, FXStreet**