US Dollar Index technical analysis: DXY in danger of turning bearish below its 200 DSMA

  • The bull trend might be in peril as bears brroke below a key support and the 200 DSMA.
  • Targets to the downside can be seen at 95.74 and 95.17.

DXY daily chart

The US Dollar Index (DXY) broke below 96.46 key support and its 200-day simple moving average (DSMA) suggesting that the bull trend might start to fizzle out.

DXY 4-hour chart

DXY is trading below its main SMAs suggesting bearish momentum in the near term. Bears can reach 95.74 and 95.17 to the downside. Resistance is at 96.46 and 69.74. .

Additional key levels

Articles You May Like

Canadian Dollar Price Chart: Loonie Drives USD/CAD to Weekly Support
Summer, sun and strategies | Trade Room Plus
EURUSD May Extend Decline if Eurozone CPI Misses Estimates
One week of earnings is over. What is on the schedule for next week?
Teknik FOREX Mudah [Malaysia]

Leave a Reply

Your email address will not be published. Required fields are marked *