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US Dollar Index (DXY)

  • Regular
  • FX Market
  • 6 months ago
  • 159

DXY is trading in a bull trend above the 50, 100 and 200-day (EMA).

DXY retreated slightly yesterday but still holding above the 96.00 which is set as supoort level.

The RSI and Stochastic indicators are below the 50 line while the MACD is turning negative. Which indicates of a retracement that could lead to decline and test of support level and EMA 200 @ 96.053 price point.

DXY is still trading in a bull area.

Source : FX Street / Smart Trend Team