US Dollar clinches highs around 95.50

The greenback, tracked by the US Dollar Index, is now extending the rebound and is flirting with session highs in the vicinity of 95.50.

US Dollar supported by data

The upside momentum in USD is now picking up pace, prompting the risk-associated assets to retreat further despite the ISM Non-manufacturing has disappointed expectations during last month.

Furthermore, the greenback remains supported by sentiment, JPY-selling and auspicious results from the US ADP report (179K in July), all in light of Friday’s Non-farm Payrolls.

US Dollar relevant levels

The index is advancing 0.45% at 95.45 facing the immediate up barrier at 95.81 (high Aug.2) followed by 96.65 (200-day sma) and finally 97.62 (high Jul.25). On the other hand, a breach of 94.94 (low Aug.2) would aim for 94.78 (61.8% Fibo of 93.03-97.62) and finally 94.01 (78.6% Fibo of 93.03-97.62).