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DXY technical analysis: DXY gathering strength and approaching July’s highs

FX Street
Updated:
  • DXY makes a big leap trading above 97.30 this Tuesday.
  • The level to beat for bulls is 97.55 and 97.80.  

 

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend just above its main simple moving average (DSMA).  

DXY 4-hour chart

The market is approaching July’s highs near 97.55 as th emarket is trading above its main SMAs. A break above 97.55 can lead to 97.80 to the upside.


DXY 30-minute chart

The 50 SMA crossed above the 200 SMA which can be considered as bullish. Immediate support is seen at the 97.30 and 97.15 levels.  


Additional key levels

 

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