US Dollar Index Technical Analysis: Rebound needs to regain the 96.60 region
|- DXY has regained some buying interest after bottoming out in the 95.80 region, coincident with late February lows. Further south emerges the next support ay 95.74, or March low.
- The ongoing recovery should ideally retake the 96.60 region, where sit the critical 200-day SMA and the multi-month resistance line.
- If/when this area is cleared, the immediate target will be monthly peaks in the 97.75/80 band.
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.