DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages. Today’s down move was triggered by dovish comments from Fed’s Powell. Bears are set to close below the 97.00 psychological level as technical indicators are decelerating. DXY 4-hour chart DXY plunged down to find some support at the 50 SMA. 97.00 and 97.25 become the new resistances. Technical indicators have turned bearish suggesting potential losses ahead. DXY 30-minute chart After the fresh sell-off, there can be a pullback up to 97.00 as the market might want to test the 200 SMA and the round number. If the bears keep the momentum going the next main target to the downside is likely located near the 96.30 level. Additional key levels Dollar Index Spot Overview: Today Last Price: 96.86 Today Daily change: -50 pips Today Daily change %: -0.514% Today Daily Open: 97.36 Trends: Previous Daily SMA20: 96.76 Previous Daily SMA50: 95.98 Previous Daily SMA100: 95.55 Previous Daily SMA200: 93.79 Levels: Previous Daily High: 97.5 Previous Daily Low: 96.97 Previous Weekly High: 96.98 Previous Weekly Low: 96.04 Previous Monthly High: 97.2 Previous Monthly Low: 94.79 Previous Daily Fibonacci 38.2%: 97.3 Previous Daily Fibonacci 61.8%: 97.17 Previous Daily Pivot Point S1: 97.05 Previous Daily Pivot Point S2: 96.75 Previous Daily Pivot Point S3: 96.52 Previous Daily Pivot Point R1: 97.58 Previous Daily Pivot Point R2: 97.81 Previous Daily Pivot Point R3: 98.11 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 NZD/USD: bulls charge down the 200-D SMA on Powell shift to dovish rhetoric FX Street 4 years DXY daily chart The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages. Today's down move was triggered by dovish comments from Fed's Powell. Bears are set to close below the 97.00 psychological level as technical indicators are decelerating. DXY 4-hour chart DXY plunged down to find some support at the 50 SMA. 97.00 and 97.25 become the new resistances. Technical indicators have turned bearish suggesting potential losses ahead. DXY 30-minute chart After the fresh sell-off, there can be a pullback up to 97.00 as the market might… 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.
