- Analytics
- News and Tools
- Market News
- USD Index Price Analysis: Further losses exposes a drop to the 2023 low
USD Index Price Analysis: Further losses exposes a drop to the 2023 low
- DXY gathers further downside traction and drops to 101.20.
- Extra decline now targets the 2023 low near 100.80.
DXY loses ground for the third session in a row and slips back to the area of 2-month lows around 101.20 on Thursday.
The loss of the 101.00 support could accelerate losses to the 2023 low at 100.81(February 2) in the relatively short-term horizon.
Looking at the broader picture, while below the 200-day SMA, today at 106.39, the outlook for the index is expected to remain negative.
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
