온라인 슬롯 사이트
Price Analysis of The US Dollar Index: DXY Shows a Three-Day Drop Towards 96.30
온라인 슬롯 사이트
The US Dollar Index (DXY) remains down, hovering around an intraday low of 96.41 for the third day in a row.
As a result, amid bearish MACD signs, the greenback gauge extends the week’s start U-turn from a one-month-old resistance line, implying additional deterioration towards the immediate support.
However, the quote’s local falls are limited by the 21-DMA level of 96.30 ahead of a two-month-long support line near 96.10.
An upward sloping trend line from November 16 is also serving as a downward filter, with the price hovering around 95.80 at press time.
If the price stays below 95.80, it will be exposed to a retest of the early November highs near 94.60.
Meanwhile, a corrective retreat must clear the stated resistance line, preferably near 96.65, before attempting to test the monthly high of 96.91.
Even if the DXY bulls manage to break through the 96.91 barrier, they must show a successful run-up beyond the 97.00 barrier to persuade markets.
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