- Analytics
- News and Tools
- Market News
- US Dollar Index Price Analysis: Immediately to the upside comes 96.43
US Dollar Index Price Analysis: Immediately to the upside comes 96.43
- DXY regains the smile amidst renewed risk aversion.
- The weekly high around 96.40 emerges as the next up barrier.
DXY reverses two consecutive daily pullbacks and looks to reclaim the area above the 96.00 barrier on Thursday.
If the recovery gathers steam, then the index is expected to challenge the weekly tops at 96.43 (February 14), which is considered the last defence before an assault to the YTD high near 97.50 (January 28).
In the meantime, further gains in DXY looks likely as long as the 5-month line near 95.30 holds the downside.
In the longer run, the outlook for the dollar is seen as positive above the 200-day SMA at 93.70.
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
