- Analytics
- News and Tools
- Market News
- US Dollar Index Price Analysis: Pullback could extend to 93.50
US Dollar Index Price Analysis: Pullback could extend to 93.50
- DXY recedes further and breaches the 94.00 support.
- There is expected to emerge decent contention in the mid-93.00s.
DXY loses the grip further and drops to new multi-day lows in the vicinity of 93.70 on Thursday.
So far, the continuation of this corrective decline could extend further in the near term. That said, the is a decent contention area near 93.50, where is located the pre-FOMC high (September 22). Further south from here comes the 55-day SMA just above 93.00 the figure.
Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.76.
DXY daily chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
