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Forex: US Dollar Index hovering over session highs

The US Dollar Index, which tracks the greenback against its major rivals, is inching higher on Friday, clinging to the 80.30 region and posting fresh highs at the same time.

In the data space, US Wholesale Inventories contracted 0.1% during December, although the most relevant result was US trade deficit shrinking to $38.5 billion in December.

At the moment, the index is up 0.08% at 80.31 and according to tradingcentral.com the next resistance levels line up at 80.25, 80.45 and 80.65; while support levels are locate at 79.85, 79.55 and 79.45

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