The greenback, measured by the US Dollar Index, is extending the recently sparked upside momentum, currently testing session peaks in the mid-96.00s. US Dollar up on sentiment The greenback is advancing further on Monday, prolonging the upbeat note after last Friday’s auspicious results from key US Retail Sales during January. The risk-on sentiment has been on the rise since today’s early trade in Asia, giving the dollar extra wings and pushing it to test the area of 4-day highs in the 96.50/60 band. The broad risk-appetite trends will be the exclusive drivers today amidst the inactivity in US markets due to the President’s Day holiday. US Dollar levels to watch The index is up 0.57% at 96.53 facing the next hurdle at 97.29 (200-day sma) ahead of 97.50 (high Feb.8) and then 98.28 (55-day sma). On the other hand, a breach of 95.43 (76.4% Fibo of 93.86-100.60) would target 94.19 (low Sep.18 2015) en route to 93.86 (low Oct.14). For more information, read our latest forex news.