USD looking gently offered in NY trading

The DXY is hovering just above initial hourly support noted at 82.86 and is looking heavy after pulling back from the earlier highs. The EUR/USD is drifting back towards the sellers ahead of the 1.3080 level while USD/JPY again looks like running out of steam on its most recent attempt higher.

DXYhourlyb11july

Author: Kyle Shortland

Kyle Shortland has nearly 20 years of investment management and financial markets experience and currently produces Asian FX technical analysis for MNI. Before joining MNI Kyle spent 3 years as a Foreign Exchange Analyst for Thomson-Reuters IFR Markets product. Kyle’s previous roles included tactical asset allocation and the development and management of model equity, commodities and foreign exchange portfolios for various Australian banks and funds. Kyle originally gained his experience in the FX markets as a spot trader with Colonial State Bank in Sydney Australia. Kyle holds a Masters of Applied Finance degree from Macquarie University, and a Bachelor of Commerce degree from Newcastle University.

One Comment

  1. I think DXY it`s gonna crash again

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