DXY demand remains subdued
“We’ve viewed the DXY as a buy on dips as far down as the 78.00-80.00 range for some time, but even taking some of the USD’s resilience from the lows this week into account, the persistent resumption of controlled downward pressure on the currency has come as a surprise”, commented Stephen Gallo, Strategist at BMO.
DXY levels to watch
At the moment, the index is retreating 0.21% at 80.77 with the next support levels at 80.50, 80.20 and 80.00 while up-barriers align at 81.00, 81.30 and 81.60.
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