DXY recorded new YTD lows in the 92.50/45 band on Tuesday. A deeper pullback should see the May 2018 low at 91.80 re-tested. DXY remains under heavy downside pressure and recorded fresh 2020 lows in the 92.50/45 band earlier in the session. The inability of the index to surpass recent tops in the 94.00 neighbourhood encouraged sellers to return to the markets and drag the dollar lower. That said, the next support of significance emerges at the May 2019 low at 91.80. The offered stance in the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.75. DXY weekly chart 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 S&P: Rising real rates risk to China’s post-pandemic economic recovery FX Street 2 years DXY recorded new YTD lows in the 92.50/45 band on Tuesday. A deeper pullback should see the May 2018 low at 91.80 re-tested. DXY remains under heavy downside pressure and recorded fresh 2020 lows in the 92.50/45 band earlier in the session. The inability of the index to surpass recent tops in the 94.00 neighbourhood encouraged sellers to return to the markets and drag the dollar lower. That said, the next support of significance emerges at the May 2019 low at 91.80. The offered stance in the dollar is expected to remain unchanged while below the 200-day SMA, today at… 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.
