DXY extends the leg lower well below the 98.00 level, or 7-week lows. While the 200-day SMA at 97.83 caps the upside, further losses are likely. DXY is alternating gains with losses on Tuesday, looking to reverse the heavy downside pressure seen in past sessions. After breaking below some interim supports at Fibo retracements and the key 200-day SMA, the index has now opened the door to a deeper decline. That said, a move to the December 2019 low at 96.36 should not be ruled out, particularly against the current backdrop of rising speculations of a coordinated measure to battle the COVID-19 impact on the economy. DXY daily 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 NZD/USD: Scope for a drop to 0.6140 – UOB FX Street 3 years DXY extends the leg lower well below the 98.00 level, or 7-week lows. While the 200-day SMA at 97.83 caps the upside, further losses are likely. DXY is alternating gains with losses on Tuesday, looking to reverse the heavy downside pressure seen in past sessions. After breaking below some interim supports at Fibo retracements and the key 200-day SMA, the index has now opened the door to a deeper decline. That said, a move to the December 2019 low at 96.36 should not be ruled out, particularly against the current backdrop of rising speculations of a coordinated measure to battle… 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.
