DXY is trading at daily highs challenging the 98.40 resistance. The level to beat for buyers is the 98.40 resistance level. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DMAs). This Wednesday the Greenback is pressuring the 98.40 level just above the 50 DMA. Fed’s chief, Jerome Powell, is testifying on the economy before a special Congressional commission. DXY 4-hour chart DXY is clinging to monthly gains while challenging the 98.40 resistance. If the market breaks above the 98.40 resistance on a daily basis, there is room for further potential upside towards the 98.65 and the 99.26 resistances. DXY 30-minute chart DXY is trading above its main SMAs, suggesting bullish momentum in the short term. Support is seen at the 98.30, 98.20 and 98.10 levels. 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. View All Post By FX Street FXStreet News share Read Next FOMC Chairman Powell testimony: Trade uncertainty has been a real distraction for business management FX Street 3 years DXY is trading at daily highs challenging the 98.40 resistance. The level to beat for buyers is the 98.40 resistance level. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DMAs). This Wednesday the Greenback is pressuring the 98.40 level just above the 50 DMA. Fed's chief, Jerome Powell, is testifying on the economy before a special Congressional commission. DXY 4-hour chart DXY is clinging to monthly gains while challenging the 98.40 resistance. If the market breaks above the 98.40 resistance on a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
