- YTD peaks in levels beyond 96.00 the figure, where it is now looking to consolidate.
- The constructive stance stays unchanged around the buck while above the short-term support line, today just below 94.50. In the daily chart, interim contention emerges in the 94.91/95.11 band, where aligns the 21-day SMA, recent lows, the 10-day SMA and the 200-hour SMA.
- In the hourly chart, quite decent support emerges in the 95.55 region for the time being.
- In terms of significant resistance levels, there is nothing until 97.87, the 61.8% Fibo of the 2017-2018 drop and June’s 2017 peak.
DXY daily chart
Daily high: 96.18
Daily low: 95.53
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.