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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