Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: DXY Daily Outlook

  • US Dollar index has broken major support at 92.55 low made on Aug 2nd 2017 and declined sharply till 91.62 at the time of writing. It is currently trading around 91.82.
     
  • Short term trend is still weak as long as resistance 93.60 (23.6% retracement of 99.89 and 91.62).
     
  • Any violation above 93.60 will take the pair to next level 94.15/95 in the short run. The near term resistance is around 92.55/93.21 (61.8% retracement of 94.15 and 91.62).
     
  • The index broken major support 91.92 2016 low and this confirms further weakness, dip till 90 is possible.

It is good to sell on rallies around 92-92.10 with SL around 92.60 for the TP of 90.

  • Market Data
Close

Welcome to EconoTimes

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