Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: US Dollar Index daily Outlook

  • U.S dollar index has broken major support of 93.85 low made on Jul 21st 2017 low and declined till 93.64 at the time of writing. It is currently trading around 93.79.
     
  • In the daily chart, index upside capped by 10- day MA at 94.92 and any break above will take the DXY till 95.44 (21- EMA)/96.69 (55- day EMA).
    The minor resistance is around 94.35 (5- day MA).
     
  • On the lower side, any daily close below 94 will drag the index till 93 in the short term.
     
  • Short term bearish invalidation only above 97.87.        

It is good to sell on rallies around 94 with SL around 94.60 for the TP of 93.

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.