US Dollar Index Price Analysis: Pullback could see 95.50 retested
|- DXY resumes the leg lower and breaks below 96.00.
- Next on the downside appears the 95.50 region.
DXY fades Monday’s decent bullish attempt and refocuses instead on the area well below 96.00 on Tuesday.
The next significant support comes at 95.51 (November 18), which is also reinforced by the 20-day SMA, today at 95.45.
In the meantime, while above the 2-month support line (off September’s low) near 94.10, extra gains in DXY remain well on the table. In addition, the broader constructive stance remains underpinned by the 200-day SMA at 92.47.
DXY daily chart
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.