Forex analytics and overview
Chart Of The Day: DXY
2022.05.18 02:10
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.
