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Forex: US Dollar Index hovering over 80.00

By FXstreet.com,  January 02, 2013, 01:38:00 PM EDT

FXstreet.com (Barcelona) - The US Dollar Index, which gauges the greenback against its major competitors, is back to the positive territory on Wednesday, trading in the vicinity of the psychological level at 80.00 as of writing.

The US dollar has managed to revert the strong initial negative trend that followed the events in the US, dragging the buck as low as 79.46 and rebounding since then to the actual levels.

The index is now advancing 0.11% at 79.96 and according to tradingcentral.com, the next resistance levels lie at 80.10, 80.25 and 80.40
On the flip side, a breakdown of 79.30 would bring 79.20 and 79.10




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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