The index is looking to extend the recovery from recent lows in levels just above the key support at 97.00 the figure (Friday). The recent drop to the oversold area has also helped with the bounce. DXY is now flirting with the key 200-day SMA near 97.40. A breakout above this area on a convincing fashion is needed to reassert the upside pressure. In case sellers regain the upper hand, a potential move to the 97.00 neighbourhood (and probably) below should not be ruled out. 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 Senior Chinese diplomat: China must take necessary countermeasures to protect its interests FX Street 3 years The index is looking to extend the recovery from recent lows in levels just above the key support at 97.00 the figure (Friday). The recent drop to the oversold area has also helped with the bounce. DXY is now flirting with the key 200-day SMA near 97.40. A breakout above this area on a convincing fashion is needed to reassert the upside pressure. In case sellers regain the upper hand, a potential move to the 97.00 neighbourhood (and probably) below should not be ruled out. 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.
