- Analytics
- News and Tools
- Market News
- US Dollar Index Price Analysis: Gains remain in store above 100.60
US Dollar Index Price Analysis: Gains remain in store above 100.60
- DXY made a U-turn soon after hitting new lows near 101.40.
- The support line near 100.60 underpins the constructive view.
The index reverses course after bottoming out in the 101.40 region earlier on Friday.
The breakdown of the May low at 101.43 (May 27) should expose another pullback to the interim 55-day SMA at 101.47 ahead of the support line around 100.60, which is expected to offer decent contention. While above this area, further gains in the very near term in the dollar should remain well on the table.
The longer-term positive outlook for the index is seen constructive while above the 200-day SMA at 96.76.
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
