DXY prints mild gains while refreshing intraday top. Corrective pullback looks set to test monthly resistance line. Bearish MACD, downbeat Momentum favor greenback sellers, 1.5-month-old horizontal support becomes the key. US dollar index (DXY) takes bids around 91.80, up 0.10% intraday, during early Friday. The greenback gauge dropped to the lowest since March 18 the previous day before bouncing off 50-day SMA to print the first positive daily closing of the week. The corrective pullback has legs to test the downward sloping trend line from March 31, around 91.96. However, any further upside will be challenged by the bearish MACD signals and downbeat Momentum. Should the quote rises beyond 91.96, also clears the 92.00 threshold, the early March top near 92.50 should return to the charts. On the flip side, a daily closing below the 50-day SMA level of 91.59 isn’t the call to DXY sellers as a horizontal area comprising multiple levels since March 02, around 91.30-40, becomes the key support. DXY daily chart Trend: Further recovery 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 The Graph Price Prediction: GRT eyes 15% retracement amid stiff resistance levels FX Street 2 years DXY prints mild gains while refreshing intraday top. Corrective pullback looks set to test monthly resistance line. Bearish MACD, downbeat Momentum favor greenback sellers, 1.5-month-old horizontal support becomes the key. US dollar index (DXY) takes bids around 91.80, up 0.10% intraday, during early Friday. The greenback gauge dropped to the lowest since March 18 the previous day before bouncing off 50-day SMA to print the first positive daily closing of the week. The corrective pullback has legs to test the downward sloping trend line from March 31, around 91.96. However, any further upside will be challenged by the bearish MACD… 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.
