The US Dollar has been trading near the fresh high of March. Traders are enjoying a bank holiday despite the release of US economic data. The US Dollar Index has 105.00 in reach. The US Dollar never sleeps and that proverb certainly applies to this Friday. The Greenback holds onto recent gains on Good Friday, a bank holiday during which European and US trading desks will be running at minimum capacity.
Further up, 104.96 remains the level to beat in order to tackle 105.00. Once above there, 105.12 is the last resistance point for now before the Relative Strength Index will trade in overbought levels. Support from the 200-day Simple Moving Average at 103.75, the 100-day SMA at 103.48, and the 55-day SMA at 103.72 are unable to show their importance as support because traders didn’t wait for a drop to those levels for a turnaround. The 103.