- Analytics
- News and Tools
- Market News
- US Dollar Index Price Analysis: Extra range bound looks likely
US Dollar Index Price Analysis: Extra range bound looks likely
- DXY fails once again to reclaim the 94.00 area on Tuesday.
- The mid-93.00s emerge as a strong support so far.
DXY extends the erratic performance recorded as of late and comes under some selling pressure following another unsuccessful attempt to re-visit the 94.00 yardstick.
In the meantime, the greenback looks poised for further consolidation as long as the 93.50 region holds. On the other hand, the surpass of 94.00 – ideally in the very near term – could motivate the index to initiate a more convincing recovery to initially, the weekly top at 94.17 (October 18) followed by the 2021 high at 94.56 (October 12).
Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.90.
DXY daily chart
© 2000-2026. 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
