Home US Dollar Index Price Analysis: DXY off December lows, approaching the 97.55 resistance

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US Dollar Index Price Analysis: DXY off December lows, approaching the 97.55 resistance

FX Street

Published date: 18 Dec. 2019 | 21:52

DXY is slowly recovering from the December lows but still below the 200 DMA.
The level to beat for bulls is the 97.55 resistance.

DXY daily chart

DXY (US Dollar Index) is trading off the December lows but still below the 200-day simple moving average (DMA).

DXY four-hour chart

The buyers broke above the 97.25 resistance and the 50 SMA while slowly advancing towards the 97.55 resistance. A break above this level is necessary for a continuation of the recovery towards the 97.85 level. Support is seen at 97.25 and the 97.00 handle.

Additional key level

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