US Dollar bid above 95.00 ahead of ADP

The greenback, tracked by the US Dollar Index, has recovered the smile and is navigating the 95.20 area.

US Dollar attention to ADP

The index is trimming part of yesterday’s deep retracement to the 95.00 neighbourhood, where buyers seems to have turned up and are currently lifting USD to the 95.20 region.

USD will remain in the limelight later in the session, as July’s ADP report is due (170K exp.) followed by the ISM Non-manufacturing, with prior surveys expecting the index to have eased a tad to 56.0 for the last month.

US Dollar relevant levels

The index is advancing 0.19% at 95.24 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).