US Dollar Could Be Basing After Falling Since Late September 2022

$USD US Dollar daily, weekly, and monthly charts. Just noticed that the US Dollar seems to have steadied and is now basing on the charts:


The US Dollar was mostly little changed this past week, but most notably, the Greenback struggled to hold onto gains accumulated on Monday and Tuesday. That could perhaps hint at what has been an evolving downtrend since the end of September. In fact, the US Dollar is heading for the worst quarter since the summer of 2010.

Losses have finally brought DXY to test and break under the long-term 200-day Simple Moving Average. Granted, follow-through has been feeling rather lackluster as prices struggle around the August low at 104.64. Not to mention, just below is the 103.41 – 103.93 zone that has its beginnings from the middle of June.

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