• USD Index Price Analysis: Extra decline could see the 101.30 zone retested

Notícias do Mercado

10 janeiro 2023

USD Index Price Analysis: Extra decline could see the 101.30 zone retested

  • Price action around the index looks unconvincing on Tuesday
  • Persistent weakness should open the door to a drop to 101.30.

DXY trades in an inconclusive tone in the low-103.00s on Tuesday.

A drop below the so far January low at 102.94 (January 9) could prompt the May 2022 low around 101.30 (May 30) to re-emerge on the horizon ahead of the psychological 100.00 level.

In the meantime, while below the 200-day SMA at 106.35 the outlook for the index should remain tilted to the negative side.

DXY daily chart

 

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