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DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).

DXY 4-hour chart

  • DXY is trading below its main SMAs suggesting bearish momentum in the medium-term.
  • Support is at 96.30 and 96.15.  
  • To the upside, resistance is seen at 96.60 and 96.80 level.

DXY 30-minute chart

  • DXY is trading between the 100 and 200 SMAs suggesting a consolidation phase in the short-term.
  • On Wednesday the FOMC was much more dovish than expected leading to a huge drop in the Dollar, however, bulls have already  erased the loss this Thursday.

Additional key levels