US Dollar Index Price Analysis: A drop to sub-96.00 is now in the pipeline... dari Finance Magnates

23 Jun 2020, 21:39 · Views 676

DXY extends the leg lower to sub-97.00 levels on Tuesday.
Further south is located the June’s low in the 95.70 zone.

The rebound in DXY from recent 3-month lows in the 95.70 region (June 10) appears to have met quite tough a barrier in the 97.90/85 band, area coincident with a Fibo retracement of the 2017-2018 drop (97.87).

If sellers remain in control, then there is the tangible probability of a retracement to the monthly lows in the 95.70 region.

Looking at the broader picture, the offered bias in the dollar is set to remain unchanged while below the 200-day SMA, today at 98.38.

DXY daily chart

#USDollarIndex##update##Currencies#

Reprinted from FXStreet，the copyright all reserved by the original author.

Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.