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Chart Of The Day: DXY

Published 05/17/2022, 07:06 PM
Updated 07/09/2023, 06:31 AM

DXY Daily Chart.

The DXY bullish view may be at risk. Technically, the U.S. dollar index is at pretty key support. The 1.0336 level is the 61.8% Fibonacci retracement level of the last two weeks. It’s also channel support. The 102.30 level represents the 2017 spike highs, post-COVID spike highs (lockdown) and support from the lows on May 5. A move below the 102.30 level would put the 50-day moving average in view as a downside target for bears near term. RSI has also broken a trend line lower as well.

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