• USD Index Price Analysis: Further losses exposes a drop to the 2023 low

Noticias del mercado

13 abril 2023

USD Index Price Analysis: Further losses exposes a drop to the 2023 low

  • DXY gathers further downside traction and drops to 101.20.
  • Extra decline now targets the 2023 low near 100.80.

DXY loses ground for the third session in a row and slips back to the area of 2-month lows around 101.20 on Thursday.

The loss of the 101.00 support could accelerate losses to the 2023 low at 100.81(February 2) in the relatively short-term horizon.

Looking at the broader picture, while below the 200-day SMA, today at 106.39, the outlook for the index is expected to remain negative.

DXY daily chart

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: