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

More on Trump’s Thursday meeting to discuss China Dec .15 tariffs
Gold Price Continues to Test for Support Ahead of FOMC Meeting
EURUSD Forecast Top Risk Between Fed and ECB, Pound and AUDUSD Risk Volatility
GBP positioning higher ahead of election – ING
LIVE Forex Trading- NY Session 11th December 2019

Leave a Reply

Your email address will not be published.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