Home US Dollar Index Technical Analysis: Can 98.10 be on the cards for DXY bulls ?
FXStreet News

US Dollar Index Technical Analysis: Can 98.10 be on the cards for DXY bulls ?

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

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.