Home Markets Intermediate support is located at the 92.00 area

Intermediate support is located at the 92.00 area

0
Intermediate Support Is Located At The 92.00 Area
  • The DXY is with consolidation tours at the lower limit of the recent range.
  • Immediately to the downside appears the zone of 92.00.

The US dollar index (DXY) extends the weekly leg lower, although even unable to break below the 92.00 zone.

If this last level is lost, the doors should be opened to more losses with the initial intermediate target at the 50-day simple moving average, today at 91.50.

Further down it is in the most relevant area around 91.30, where the weekly lows registered in mid-March are located.

Below the 200-day SMA at 92.36, the outlook for the DXY is expected to return to the bearish side.

DXY day chart

.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version