Home US dollar Index technical analysis: DXY flirting with 3-day low near 97.70

US dollar Index technical analysis: DXY flirting with 3-day low near 97.70

Published date: 31 May. 2019 | 21:37

DXY is hit by the the trade war.
DXY erases almost three days of gains.

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above its main simple moving averages (SMAs). DXY decline sharply as it dropped almost to 3-day lows.

DXY 4-hour chart

Bears will try to break below 97.55 swing low.

DXY 30-minute chart

Sellers took the lead below the SMAs. Bears will try to break 97.70 to reach 97.55 and 97.30 to the downside. Resistances are seen at 97.90 and 98.10.

Additional key levels

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