The index is prolonging the leg lower from last week and is trading in fresh multi-day lows in sub-98.00 levels. The resumption of the upside bias should initially target the key 55-day SMA, today at 98.27 ahead of last week’s tops in the mid-98.00s. If the selling impetus gathers traction, the next support is located at the 21-day SMA at 97.81 ahead of the critical 200-day SMA at 97.55. As long as this area holds, the constructive view on the buck is expected to remain unchanged. 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 USD/CAD extends sideways grind above 1.3200 as oil rally loses steam FX Street 3 years The index is prolonging the leg lower from last week and is trading in fresh multi-day lows in sub-98.00 levels. The resumption of the upside bias should initially target the key 55-day SMA, today at 98.27 ahead of last week's tops in the mid-98.00s. If the selling impetus gathers traction, the next support is located at the 21-day SMA at 97.81 ahead of the critical 200-day SMA at 97.55. As long as this area holds, the constructive view on the buck is expected to remain unchanged. 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.
