Home US Dollar Index Technical Analysis: The leg lower met support near 96.80, where sits the 21-day SMA

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US Dollar Index Technical Analysis: The leg lower met support near 96.80, where sits the 21-day SMA

FX Street

Published date: 10 Apr. 2019 | 09:22

DXY is prolonging the weekly leg lower today, gyrating around the 97.00 handle after meeting contention near the 21-day SMA at 96.84 on Tuesday.
Despite the down move is seen as corrective only, it carries the potential to visit once again the 96.80 region, ahead of the 96.60 zone, where coincide the 55-day and 100-day SMAs.
In the meantime, the outlook on the index remains positive above the key 200-day SMA, today at 96.00.

DXY daily chart

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