- Analytics
- News and Tools
- Market News
- USD Index Price Analysis: A drop to 100.00 should not be ruled out
USD Index Price Analysis: A drop to 100.00 should not be ruled out
- DXY retreats further and prints fresh 2023 lows near 100.80.
- A deeper retracement could see the key 100.00 mark revisited.
DXY attempts a mild bounce off earlier 2023 lows in the 100.80/75 band at the end of the week.
If bears remain in control, the index could accelerate losses and put the psychological 100.00 mark to the test in the relatively short-term horizon. The loss of this region exposes a potential move to the late-March 2022 lows near 97.70.
Looking at the broader picture, while below the 200-day SMA, today at 106.36, 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
