Home US Dollar Index Technical Analysis: The greenback remains supported by the 200-day SMA and the resistance line

FXStreet News

US Dollar Index Technical Analysis: The greenback remains supported by the 200-day SMA and the resistance line

FX Street

Updated: 4 Jul. 2019 | 09:37

DXY is trading a tad below recent tops in the boundaries of 96.90, challenging the critical support at the 200-day SM in the 96.60 region.
This significant area of contention is also reinforced by the multi-month resistance line, today at 96.73.
Immediately above emerges the 100-day SMA at 97.08 ahead of the 55-day SMA at 97.31, considered interim hurdles and the last defence of a test of June tops near 97.80.

DXY daily chart

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 posts by FX Street

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.