News

US Dollar Index Asia Price Forecast: DXY down, challenging 2-week lows

  • US Dollar Index (DXY) is on the back foot on the second day of the week challenging 2-week lows.
  • More down can be on the cards below the 99.30 level.
 

DXY daily chart

 
The US Dollar Index (DXY) is under pressure challenging 2-week lows and trading below the 50 SMA on the daily chart. 
 

DXY four-hour chart

 
DXY weakness extended to the second day of the week after suffering its worst daily decline in 5 weeks on Monday. The greenback can remain under pressure below the 100.00 mark as bears are looking for extra losses towards the 98.90 and 98.40 levels to the downside. Resistances can be seen near the 99.60, 100.00 and 100.40 levels. 
  

Additional key levels

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.