US Dollar keeps the upside despite ISM

The greenback, tracked by the US Dollar Index, remains firm at the beginning of the week, currently meandering the upper end of the range around 95.80.

US Dollar bid near 95.80

The index keeps its bid tone unchanged despite the US ISM Manufacturing has missed expectations during July, coming in at 52.6 vs. 53.0 initially estimated.

After bottoming out near 95.30 in the wake of the disappointing results from Friday’s Q2 GDP and dovish FOMC, USD has managed to rebound to the current 95.70/80 band backed by sentiment and profit taking in the risk-associated space.

US Dollar relevant levels

The index is up 0.20% at 95.72 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).