OctaFX | OctaFX Forex Broker
Open trading account

US Dollar Index Price Analysis: The 99.00 mark is just around the corner

  • The rally in DXY looks unabated despite Tuesday’s lack of direction.
  • Next on the upside comes the 99.00 mark ahead of 99.37.

DXY looks doubtful after printing fresh yearly highs in levels just shy of 99.00 the figure during early trade on Tuesday.

The positive outlook on the dollar remains unchanged while above the critical 200-day SMA at 97.74. This area of contentions is also reinforced by the proximity of the Fibo retracement of the 2017-2018 drop at 97.87.

Immediately to the upside emerges 99.37 (high September 3rd 2019 ahead of 2019 high at 99.67 recorded on October 1st.

DXY daily chart


GBP/USD: A test of 1.2800 appears on the cards – UOB

In opinion of FX Strategists at UOB Group, Cable could recede further and re-visit the 1.2800 zone in the short-term horizon. Key Quotes 24-hour view:
Read more Previous

GBP/JPY Price Analysis: Bulls await a sustained move beyond 200-hour SMA

The GBP/JPY cross added to the previous session's modest gains and edged higher for the second consecutive session on Tuesday. Currently trading just
Read more Next
Start livechat