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US Greenback Index Value Evaluation: The 95.50 space affords first rate assist to date

us-greenback-index-value-evaluation:-the-95.50-space-affords-first-rate-assist-to-date
  • DXY partially reverses Friday’s pullback and approaches 96.00.
  • Latest lows within the mid-95.00s ought to maintain the draw back for now.

The latest corrective draw back in DXY appears to have met some first rate rivalry within the 95.50 area.

A breach of the 95.50 zone ought to enable for a right away take a look at of the 55-day SMA at 95.39. Alternatively, if bulls handle to regain management, an try and the YTD excessive just under the 97.00 barrier (November 24) shouldn’t be dominated out.

Within the meantime, whereas above the 4-month assist line (off September’s low) round 94.80, the constructive view in DXY stays unchanged. The broader optimistic stance stays underpinned by the 200-day SMA at 92.99.

DXY every day chart

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