DXY extends the bounce off lows in sub-91.00 levels. There is a minor hurdle at the 50-day SMA (91.63). DXY adds to the recovery from multi-week lows in the 90.90/85 band, retaking the 91.00 barrier and beyond on Wednesday. Extra recovery is forecast to meet immediate hurdle at the minor resistance in the 50-day SMA, today at 91.63 ahead of the more relevant 200-day SMA at 92.13. Above the latter, the index is expected to reclaim a more constructive outlook and allow for extra gains to, initially, the Fibo level (of the 2020-2021 drop) at 92.46. 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 Gold Price Analysis: XAU/USD has the $1835 mark in its sights – Commerzbank FX Street 2 years DXY extends the bounce off lows in sub-91.00 levels. There is a minor hurdle at the 50-day SMA (91.63). DXY adds to the recovery from multi-week lows in the 90.90/85 band, retaking the 91.00 barrier and beyond on Wednesday. Extra recovery is forecast to meet immediate hurdle at the minor resistance in the 50-day SMA, today at 91.63 ahead of the more relevant 200-day SMA at 92.13. Above the latter, the index is expected to reclaim a more constructive outlook and allow for extra gains to, initially, the Fibo level (of the 2020-2021 drop) at 92.46. 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.
