Home Dollar Index Technical Analysis: DXY looks to extend gains above 98.40 resistance

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Dollar Index Technical Analysis: DXY looks to extend gains above 98.40 resistance

FX Street

Updated: 25 Apr. 2019 | 20:57

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving average (SMAs).
DXY is trading at multi-month highs after breaking key resistance at 97.71 level.

DXY 4-hour chart

The momentum is bullish as the index trades above its main SMAs.
The level to beat for bulls is 97.40. A break above the level can lead to 98.80 resistance.
To the downside, support is at 97.90 and 97.60 price level.

Additional key levels

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