- DXY faces resistance at the 20-day EMA, with bulls needing to reclaim this level and the 102.000 mark to break the sideways trend.
- DXY support lies at a weekly low of 101.041, with further levels under 101.000, including the YTD low of 100.788.
The US Dollar Index (DXY), a gauge of the greenback’s value against a basket of six currencies, registers minuscule gains of 0.26% as the Asian session begins. The DXY exchanges hands at around 101.654 after hitting a daily low of 101.359.
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