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  • DXY (US Dollar Index) is gaining steam as the market broke the 98.10 resistance.
  • The next target can be located near the 98.38 level, previous key level.

 

DXY daily chart

 
DXY (US Dollar Index) is in a bull trend above its main daily simple moving averages (DSMAs).  
 

DXY 4-hour chart

 
DXY broke above 98.10 key resistance opening the gates for a potential move up towards 98.36 (previous key level) on the way up.  
 
 

DXY 30-minute chart

 
The Greenback is trading above the main SMAs, suggesting a bullish bias in the short term. Immediate support is seen at the 98.10 and 97.95 levels.  
 

Additional key levels