USD Index: Next potential supports located at 2020 peak of 103 and 101.90/101.30 – SocGen DollarIndex Technical Analysis Banks
has now lost 8.5% from the top in October and is below the August low of 104.60. Economists at Société Générale highlight the next targets on the downside.“Daily MACD is within deep negative territory pointing towards an overstretched move. An initial bounce is not ruled out, however, the recent pivot high at 107.20/108.00 could provide resistance near term.”
“Next potential supports are located at 2020 peak of 103 and 101.90/101.30, the 50% retracement from 2021.”Information 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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