Home US Dollar Index Technical Analysis: DXY bulls knocking at the 97.00 key resistance
FXStreet News

US Dollar Index Technical Analysis: DXY bulls knocking at the 97.00 key resistance

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).


DXY 4-hour chart

  • DXY is trading above its main SMAs suggesting bullish momentum.


DXY 30-minute chart

  • DXY is trading above its main SMAs suggesting a bullish bias in the short-term.
  • 97.00 is a key resistance for bulls to break above. The next resistances are seen at 97.20 and 97.40 level.
  • Support is at 96.60 and 96.40.


Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.