fxs_header_sponsor_anchor

News

US Dollar Index Technical Analysis: The short-term support line holds the downside so far

  • DXY managed to leave the area of Friday’s lows in the 97.20 and it has regained the 98.00 neighbourhood on positive (ephemeral?) headlines on the US-China trade conflict.
  • The next target to the upside emerges at last week’s peak near 98.50. A clear of this area on a sustainable fashion should pave the way for a potential visit to 2019 tops in levels just shy of 99.00 the figure.
  • In the short-term horizon, further upside is on the cards while above the immediate support line (off June’s low), today at 97.73.

DXY daily chart

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.