DXY struggles to get further traction above 90.30. A move higher and a test of 91.00 still remains on the cards. After bottoming out in fresh lows near 89.20 earlier in the new year, the dollar managed to regain moderate buying attention and extended the move to the vicinity of 90.70 earlier in the week where it met a tough resistance so far. Despite the ongoing rebound, the prospect for the greenback remains fragile. Indeed, after a potential brief consolidative period, the index is expected to challenge the 90.00 level and eventually re-test the 2021 lows near 89.20 (January 6th) ahead of the 89.00 yardstick and the March 2018 low at 88.94. In the longer run, as long as DXY trades below the 200-day SMA, today at 94.55, 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 Germany: GDP dropped by 5% in 2020, economy more resilient than expected – Deutsche Bank FX Street 2 years DXY struggles to get further traction above 90.30. A move higher and a test of 91.00 still remains on the cards. After bottoming out in fresh lows near 89.20 earlier in the new year, the dollar managed to regain moderate buying attention and extended the move to the vicinity of 90.70 earlier in the week where it met a tough resistance so far. Despite the ongoing rebound, the prospect for the greenback remains fragile. Indeed, after a potential brief consolidative period, the index is expected to challenge the 90.00 level and eventually re-test the 2021 lows near 89.20 (January 6th)… 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.
