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Forex: US Dollar Index up, eyes on 80.00

The US Dollar Index, which tracks the greenback against its major rivals, is advancing firmly on Wednesday, eyeing the psychological level at 80.00 as risk aversion continues to fuel the upside.

The USD would be under pressure on Thursday, as both the ECB and the BoE will hold their monetary policy meetings. Regarding the US docket, the weekly report on the labor market and December Consumer Credit are also due.

At the moment, the index is up 0.35% at 79.81
According to tradingcentral.com, the next resistance levels line up at 79.90, 80.00 and 80.15; while support lie at 79.45, 79.30 and 79.15

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