DXY remains on the defensive and navigates lows near 93.60. The 55-day SMA emerges as a minor contention near 93.40. DXY broke below the 94.00 support and opened the door to further decline in the short-term horizon. That said, there is a minor support at 93.46, where sits the 55-day SMA. A deeper move could see the more relevant contention area around 92.70 retested. While below the 200-day SMA, today at 97.03, the negative view on the dollar is expected to prevail. 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 USD/JPY keeps near weekly highs awaiting crucial US data FX Street 2 years DXY remains on the defensive and navigates lows near 93.60. The 55-day SMA emerges as a minor contention near 93.40. DXY broke below the 94.00 support and opened the door to further decline in the short-term horizon. That said, there is a minor support at 93.46, where sits the 55-day SMA. A deeper move could see the more relevant contention area around 92.70 retested. While below the 200-day SMA, today at 97.03, the negative view on the dollar is expected to prevail. DXY daily chart 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.
