- US Dollar Index Price Analysis: Further losses likely below 94.00
Notícias do Mercado
29 outubro 2021
US Dollar Index Price Analysis: Further losses likely below 94.00
- DXY bounces off recent lows in the 93.30 region.
- While capped by 94.00 the index faces extra decline.
The index reverses the recent weakness and manages to regain the 93.60 zone on Friday.
If DXY cannot clear recent tops around 94.00 in the near term, it would likely expose a deeper pullback in the next sessions. That said, the immediate target now emerges at the monthly low at 92.32 (October 28)., which is also reinforced by the 55-day SMA.
Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.95.
DXY daily chart
O foco de mercado
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