US Dollar retreats from highs, back near 96.00

The greenback, tracked by the US Dollar Index, has advanced to fresh tops in the mid-96.00s following the ‘Brexit’ vote at the UK Referendum.

US Dollar in 3-month tops

USD met a sudden wave of buying interest after UK citizens have chosen to leave the European Union at yesterday’s referendum, with the ‘Leave’ vote up to 52% and 48% of the ‘Stay’ option.

With global markets still adjusting to the shocking news, the index managed to climb to fresh multi-month tops around 96.50 ahead of the key opening bell in the Old Continent.

Later in the NA session, US Durable Goods Orders and the Reuters/Michigan index will grab all the attention.

US Dollar relevant levels

The index is advancing 2.89% at 96.04 facing the next hurdle at 97.09 (high Mar.16) followed by 98.58 (high Mar.1) and then 99.95 (high Jan.21). On the flip side, a breach of 93.03 (low Jun.23) would expose 92.52 (low Aug.24 2015) and finally 91.88 (2016 low May 3).