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DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
  • Less dovish than expected comments from Fed’s Powell lifted the buck  this Wednesday and Thursday.

DXY 4-hour chart

  • DXY is trading above its main SMAs suggesting bullish momentum in the medium term.
  • Bulls can lift the market to 98.10 and potentially to 98.34 resistances. A breach above 98.34 can see a move up to 98.70 level.
  • Support is seen at 97.50 and 97.20 level.

Additional key levels