US dollar index eases from two-week top amid bullish MACD. Monthly high, half-yearly resistance line and 200-day SMA test the greenback bulls. Sellers will not risk entries above four-week-old support line. US dollar index (DXY) steps back from the monthly peak, currently around 92.35, during early Wednesday. In doing so, the greenback gauge fades the upside momentum before key resistance confluence. However, bullish MACD and safe-haven buying can keep the DXY on the front-foot, which in turn pose risks to the 92.50-60 key hurdle. Following that, November 11, 2020 top around 93.20 should lure the bulls while the 93.00 round-figure may offer an intermediate halt. On the contrary, an ascending support line from February 25, at 91.70 now, restricts the short-term downside of the US dollar index. Also acting as a downside filter is the previous month top around 91.60 and 100-day SMA near 91.00. Overall, DXY is battling the key hurdle to the north and a decisive break will be important to watch. DXY daily chart Trend: Pullback expected 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 Fitch: Improvement in economic prospects reduces headwinds for Australian, NZ banks FX Street 8 months US dollar index eases from two-week top amid bullish MACD. Monthly high, half-yearly resistance line and 200-day SMA test the greenback bulls. Sellers will not risk entries above four-week-old support line. US dollar index (DXY) steps back from the monthly peak, currently around 92.35, during early Wednesday. In doing so, the greenback gauge fades the upside momentum before key resistance confluence. However, bullish MACD and safe-haven buying can keep the DXY on the front-foot, which in turn pose risks to the 92.50-60 key hurdle. Following that, November 11, 2020 top around 93.20 should lure the bulls while the 93.00 round-figure… 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.
