US Dollar Index (DXY) struggles to keep bears on the board pre-Fed anxiety dominates trading momentum during early Wednesday. Even so, the greenback’s gauge versus the six major currencies remains depressed around the five-week low marked the previous day, close to 103.20 at the latest.
The DXY’s sustained break of the 50-DMA and bearish MACD signals also rule out chances of the quote’s recovery despite the Fed-linked caution.
Also read: US Dollar Index: DXY traces retreat in yields to highlight five-week low near 103.00 on Fed Day
As a result, the US Dollar Index appears en route to the horizontal support zone comprising multiple levels marked since early January, between 102.65 and 102.55.
Even if the US dollar’s gauge breaks the 102.55 support, a four-month-old previous resistance line, now support around 101.80, could challenge the sellers before directing them to the Year-To-Date (YTD) low marked in February around 100.80.
Alternatively, a daily closing beyond the 50-DMA level of 103.45 isn’t an open ticket to the US Dollar Index bulls as a downward-sloping resistance line from March 08, at 104.25 by the press time, could challenge the quote’s further upside moves.
Following that, the monthly high and the 200-DMA hurdles, respectively around 105.90 and 106.65 will be in focus.
Trend: Further downside expected
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.