DXY rose markedly on Wednesday after reaching new YTS lows. A strong barrier emerges at the 94.00 zone, or monthly highs. DXY is trying to extend Wednesday’s bounce off new 2020 lows near the 92.00 mark, area last visited in May 2018. The ongoing rebound should be deemed as corrective only (it comes from the oversold territory) and is predicted to meet strong hurdle in the 94.00 neighbourhood, where sit monthly peaks. The negative view on the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.69. 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 Indonesia: BI leaves rates unchanged in August – UOB FX Street 2 years DXY rose markedly on Wednesday after reaching new YTS lows. A strong barrier emerges at the 94.00 zone, or monthly highs. DXY is trying to extend Wednesday’s bounce off new 2020 lows near the 92.00 mark, area last visited in May 2018. The ongoing rebound should be deemed as corrective only (it comes from the oversold territory) and is predicted to meet strong hurdle in the 94.00 neighbourhood, where sit monthly peaks. The negative view on the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.69. 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.
