DXY looks to consolidates the breakout of the 91.00 yardstick. Interim hurdle aligns at the 100-day SMA near 91.90. DXY gathers extra steam and surpasses the 91.00 barrier, clinching at the same time new yearly highs. A serious breakout of the 91.00 area could lend the dollar extra legs and extends the upside to, initially, the 100-day SMA in the vicinity of 91.90 in the near-term. The recent breakout of the 2020-2021 resistance line (around 90.80) has mitigated the downside pressure somewhat and reinforces the latter. The ongoing rebound is seen as corrective only and in the longer run, as long as DXY trades below the 200-day SMA, today at 93.94 the bearish stance is expected to persist. 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 NZD/USD to fall towards 0.70 in the first quarter of 2021 – DBS Bank FX Street 1 year DXY looks to consolidates the breakout of the 91.00 yardstick. Interim hurdle aligns at the 100-day SMA near 91.90. DXY gathers extra steam and surpasses the 91.00 barrier, clinching at the same time new yearly highs. A serious breakout of the 91.00 area could lend the dollar extra legs and extends the upside to, initially, the 100-day SMA in the vicinity of 91.90 in the near-term. The recent breakout of the 2020-2021 resistance line (around 90.80) has mitigated the downside pressure somewhat and reinforces the latter. The ongoing rebound is seen as corrective only and in the longer run, as… 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.
