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Forex: US Dollar Index testing highs around 82.35/40

FXstreet.com (Barcelona) - Increasing risk aversion in combination with the US labour market data beating expectations were enough to propel the greenback to session highs, retaking the 82.00 handle and escalating to the vicinity of 82.40, measured by the US Dollar Index.

“Sticking with a constructive 3 month bias on the USD index but lower levels seem to beckon near term given the currency’s inability to capitalize on key positives - i.e. talk of negative ECB deposit rates and last week’s better than expected payrolls”, assessed Sean Callow, Strategist at Westpac.

As of writing, the index is up 0.51% at 82.36 and according to tradingcentral.com, the next barriers up align at 82.45 and 82.65; while the next support levels lie at 81.75, 81.60 and 81.35.

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