DXY has been consolidating on the second day of the week. Support is seen at the 97.70 level. DXY daily chart DXY (US Dollar Index) is trading in an uptrend above its 200-day simple moving average (DMA). This Tuesday, the market traded quietly within last Friday’s range. DXY 4-hour chart DXY bounced from the 97.70 level near the 61.8% Fibonacci retracement from the November bull run. In the absence of a bear breakout below the 97.70 level, DXY is set to resume the uptrend targetting initially the 98.00 level, followed by 98.20 and 98.40, near November highs. DXY 30-minute chart The greenback is trading above the 50 SMA, suggesting a potential correction up in the medium term. However, if 97.70 fails to hold prices, the market might drop towards the 97.50 level. Additional key levels 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 Spanish Financial Watchdog warns users against AlyCoin FX Street 3 years DXY has been consolidating on the second day of the week. Support is seen at the 97.70 level. DXY daily chart DXY (US Dollar Index) is trading in an uptrend above its 200-day simple moving average (DMA). This Tuesday, the market traded quietly within last Friday's range. DXY 4-hour chart DXY bounced from the 97.70 level near the 61.8% Fibonacci retracement from the November bull run. In the absence of a bear breakout below the 97.70 level, DXY is set to resume the uptrend targetting initially the 98.00 level, followed by 98.20 and… 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.
