OCBC Bank analysts think that the upside impetus for DXY has been extinguished for now with both 55-day MA (96.34) & 100-day MA (96.43) now serving as resistance levels instead. Key Quotes “The imminent violation of the 96.00 handle paves the way for further decay to the 200-day MA (95.64).” “On a structural note, aggregated rate differentials tanked (moving against the USD) on Tuesday and would be expected to continuing weighing on the broad dollar.” 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 GBP/USD Technical Analysis: Highly overbought conditions might prompt some profit-taking/cap further gains FX Street 4 years OCBC Bank analysts think that the upside impetus for DXY has been extinguished for now with both 55-day MA (96.34) & 100-day MA (96.43) now serving as resistance levels instead. Key Quotes "The imminent violation of the 96.00 handle paves the way for further decay to the 200-day MA (95.64)." "On a structural note, aggregated rate differentials tanked (moving against the USD) on Tuesday and would be expected to continuing weighing on the broad dollar." 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.
