DXY regains extra selling pressure near 89.40. Next on the downside emerges the April 2018 low near 89.20. The index starts the new year on the negative side and extends the drop to fresh lows in the 89.40 region. The outlook for the dollar appears well into the bearish territory and therefore further losses remain well on the cards. That said, the next support of relevance comes in at 89.22 (April 2018 low). The downside pressure is expected to mitigate somewhat on a breakout of the 2020-2021 resistance line, today around 91.80. In the meantime, as long as DXY trades below the 200-day SMA, today at 94.94, the negative view is forecast 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 Malaysia: Exports forecast to expand around 4% in 2021 – UOB FX Street 11 months DXY regains extra selling pressure near 89.40. Next on the downside emerges the April 2018 low near 89.20. The index starts the new year on the negative side and extends the drop to fresh lows in the 89.40 region. The outlook for the dollar appears well into the bearish territory and therefore further losses remain well on the cards. That said, the next support of relevance comes in at 89.22 (April 2018 low). The downside pressure is expected to mitigate somewhat on a breakout of the 2020-2021 resistance line, today around 91.80. In the meantime, as long as DXY trades… Top 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.
