CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the High risk of losing your money.

US Dollar Index Technical Analysis: Decline should falter around the 200-day SMA in the mid-96.00s

2019-06-20 16:00

  • The greenback continues to correct lower following the dovish message at the FOMC meeting on Wednesday.

  • Further retracements should meet the next relevant support at the 200-day SMA and the multi-month support line in the mid-96.00s. This area of contention is reinforced by recent monthly lows in the 96.50/45 band.

  • A resumption of the bullish stance should find initial target at the 97.36/43 band, where coincide the 21-day and 55-day SMAs.

DXY daily chart


This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

Economic news

    Exchange Rates

    GBPUSD +0.06% 1.30208
    EURUSD +0.02% 1.18133
    XAUUSD +0.12% 1904.22
    XTIUSD +0.19% 38.781
    NAS100 -0.02% 11516.5
    US30 +0.07% 27724.8