DXY regains some composure and reverses the initial weakness. Interim hurdle lines up at the 91.00 neighbourhood. DXY met buyers in the 90.30 region earlier on Wednesday and now resumes the upside to the 90.50/55 band. Despite the ongoing rebound, the prospect for the greenback remains tilted to the bearish side. That said, a re-visit of the 90.00 yardstick should not surprise anyone in the short-term horizon. Below this psychological level is located the 2021 lows around 89.20 ahead of the March 2018 low at 88.94. Immediately to the upside emerges the next target at the recent yearly peaks in the 91.00 region. The 55-day SMA, today ay 91.04, reinforces this resistance. Above this region, the selling pressure is forecast to mitigate somewhat. 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 94.37, the negative view 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 EUR/USD Price Analysis: The 55-day SMA near 1.2050 offers support”¦ for now FX Street 2 years DXY regains some composure and reverses the initial weakness. Interim hurdle lines up at the 91.00 neighbourhood. DXY met buyers in the 90.30 region earlier on Wednesday and now resumes the upside to the 90.50/55 band. Despite the ongoing rebound, the prospect for the greenback remains tilted to the bearish side. That said, a re-visit of the 90.00 yardstick should not surprise anyone in the short-term horizon. Below this psychological level is located the 2021 lows around 89.20 ahead of the March 2018 low at 88.94. Immediately to the upside emerges the next target at the recent yearly peaks in… 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.
