{"id":76081,"date":"2022-11-22T20:33:05","date_gmt":"2022-11-22T16:33:05","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=76081"},"modified":"2022-11-22T21:04:27","modified_gmt":"2022-11-22T17:04:27","slug":"usd-index-to-further-decline-under-105","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/usd-index-to-further-decline-under-105\/11\/22\/market-updates\/","title":{"rendered":"USD Index to further decline under 105"},"content":{"rendered":"\n<p>The US Dollar Index (DXY) has experienced a quick decline toward the 200-Day Moving Average at 105\/104.60 which is also the low previously recorded last August. A break below the current level would open up next potential supports at 103 and 101.90\/30 according to analysts.<br><br>Daily MACD is within deep negative territory denoting an overstretched move. An initial bounce is not ruled out towards 108.30, the 38.2% retracement from the high achieved in November.<br><br>The lower band of previous consolidation at 110.00 is likely to remain an important hurdle. In case the index fails to hold 200DMA at 105\/104.60, this would denote an extended down move. Next potential supports would be at 2020 peak of 103 and 101.90\/101.30, the 50% retracement from 2021.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Dollar Index (DXY) has experienced a quick decline toward the 200-Day Moving Average at 105\/104.60 which is also the low previously recorded last August. A break below the current level would open up next potential supports at 103 and 101.90\/30 according to analysts.Daily MACD is within deep negative territory denoting an overstretched move. &hellip;<\/p>\n","protected":false},"author":13,"featured_media":56693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7602],"class_list":["post-76081","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-usd-index"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=76081"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76081\/revisions"}],"predecessor-version":[{"id":76087,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/76081\/revisions\/76087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/56693"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=76081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=76081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=76081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}