DXY’s leg lower met contention in the 91.50 region so far. A deeper pullback targets 91.30 ahead of the 91.00 neighbourhood. DXY remains immersed into the bearish territory, although it seems to have met quite decent contention in the mid-91.00s for the time being. This area of support is reinforced by the 50-day SMA, today at 91.59. That said, a break below this area of recent lows carries the potential to spark another leg lower to, initially, the 91.30 zone, where sit weekly lows recorded in mid-March. Further south is located the 100-day SMA just above the 91.00 yardstick. Below the 200-day SMA (92.21) the outlook for DXY is expected to remain on the negative side. 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 faces stiff resistance near $1,775, upside potential remains intact FX Street 2 years DXY's leg lower met contention in the 91.50 region so far. A deeper pullback targets 91.30 ahead of the 91.00 neighbourhood. DXY remains immersed into the bearish territory, although it seems to have met quite decent contention in the mid-91.00s for the time being. This area of support is reinforced by the 50-day SMA, today at 91.59. That said, a break below this area of recent lows carries the potential to spark another leg lower to, initially, the 91.30 zone, where sit weekly lows recorded in mid-March. Further south is located the 100-day SMA just above the 91.00 yardstick. Below… 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.
