DXY daily chart
- The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
- On Monday, DXY initially appreciated on the back of US-China trade talk tensions, however, the bulls failed to sustain the rebound and the index is about to end the day on its lows near 97.50.
DXY 4-hour chart
- Bulls tried to reverse Friday’s losses but bears are keeping the pressure below 97.70 and the 50 SMA.
DXY 30-minute chart
- Bears are currently trying to break an important support level at 97.50.
- A break below the support can open the gates to 97.20 and 97.00 level to the downside.
- Immediate resistance is seen at 97.70 followed by 97.90 level.
Additional key levels