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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