DXY extends the rebound well beyond the 94.00 milestone after finding dip-buyers in the 93.75/70 band, or Monday low, area coincident with the top of the cloud. The index quickly left behind the Fibo retracement of the April-June climb just above 9400 the figure and tested the boundaries of the relevant hourly high at 94.50 during Tuesday’s session. Further gains should emerge if the buck manages to clear the 10-day SMA and the 21-day SMA, at 94.41 and 94.64, respectively. For the up move to gain sustainability, the greenback should also clear the critical 95.00 handle. Daily RSI (14) stays around 51 at the time of writing, allowing for further upside. DXY hourly chart Daily high: 94.46 Daily low: 94.11 Support Levels S1: 94.04 Fibo retracement S2: 93.92 top of the cloud S3: 93.84 55-day SMA Resistance Levels R1: 94.64 21-day SMA R2: 95.03 high May 29 R3: 95.53 2018 high June 28 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD Review: Fresh US-China trade concerns drag it back below 0.7400 mark FX Street 3 years DXY extends the rebound well beyond the 94.00 milestone after finding dip-buyers in the 93.75/70 band, or Monday low, area coincident with the top of the cloud. The index quickly left behind the Fibo retracement of the April-June climb just above 9400 the figure and tested the boundaries of the relevant hourly high at 94.50 during Tuesday's session. Further gains should emerge if the buck manages to clear the 10-day SMA and the 21-day SMA, at 94.41 and 94.64, respectively. For the up move to gain sustainability, the greenback should also clear the critical 95.00 handle. Daily RSI (14) stays… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
