US Dollar Index Price Analysis: A deeper drop could revisit 97.70 By pabspiovano DollarIndex Technical Analysis Currencies Majors
Immediately to the downside emerges the 97.70 region.The continuation of the decline carries the potential to extend further south of the 98.00 mark and retest the weekly lows near 97.70 recorded on March 10,17. Down from here, the index faces temporary support levels at the 55- and 100-day SMAs at 96.98 and 96.56, respectively.
The current bullish stance in the index remains supported by the 6-month line just near 96.15, while the longer-termInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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