Following a drop to fresh multi-day lows in the 94.30 region, the buck met dip-buyers and is now flirting with the initial upside target located at 94.60, where sits the 21-day SMA. DXY needs to overcome last Friday’s peak at 95.24 in order to resume the up move and set sails for a potential test of 2018 peaks in the mid-95.00s and then the 96.00 mark. In the meantime, the buck remains ‘just’ underpinned by the 3-month support line off 89.23 (mid-April), today in the 94.30/20 band. Strong support should emerge around the 94.00 neighbouhood, where converge the 55-day SMA and a retracement of the April-June rally. DXY daily chart Daily high: 94.65 Daily low: 94.29 Support Levels S1: 94.36 S2: 94.20 S3: 94.00 Resistance Levels R1: 94.72 R2: 94.92 R3: 95.08 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 USD/CHF recovers above mid-0.99s as US Dollar gains traction FX Street 5 years Following a drop to fresh multi-day lows in the 94.30 region, the buck met dip-buyers and is now flirting with the initial upside target located at 94.60, where sits the 21-day SMA. DXY needs to overcome last Friday's peak at 95.24 in order to resume the up move and set sails for a potential test of 2018 peaks in the mid-95.00s and then the 96.00 mark. In the meantime, the buck remains 'just' underpinned by the 3-month support line off 89.23 (mid-April), today in the 94.30/20 band. Strong support should emerge around the 94.00 neighbouhood, where converge the 55-day SMA… Regulated 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.
