US Dollar Spiked Up to a Fresh September High

The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales.
This helped the USD to push above a big zone of resistance.
From a short-term basis, buyers are trying to hold the move by showing support around the topside of that prior resistance zone, around 92.95 by 0.43% from 92.51 yesterday. This accelerating trend has attracted the attention of observers last Monday as resistance in DXY.

The big question, now, is whether buyers are able to sustain Thursday’s move. But, with this morning’s really strong retail sales report pushing above range resistance, there could be scope for further strength as investors and traders position are eying rate decision next Wednesday.

Next week, traders will eye the meeting on the Federal Reserve Interest Rate, which will be a big event with the an anticipated announcement of plans for tapering asset purchases.