The US Dollar Index (DXY) is trading at four-day highs as the recovery is gaining some strength. The main resistances on the way up are seen near 97.90 and 98.20 price levels. DXY daily chart The US Dollar Index (DXY) is trading above the 200-day simple moving average (DMA) after a sharp pullback down. DXY four-hour chart The market broke above the 97.60 resistance this Thursday and challenged the 50 SMA on the four-hour chart. The recovery is gaining some steam and the next resistances on the way up can be seen near 97.90 and the 98.20 price levels. DXY 30-minute chart DXY is trading above its main SMAs, suggesting a bullish momentum in the short term. Support is seen at the 97.60 and 97.45 level. 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 Lawmakers have approved the Queen’s Speech FX Street 3 years The US Dollar Index (DXY) is trading at four-day highs as the recovery is gaining some strength. The main resistances on the way up are seen near 97.90 and 98.20 price levels. DXY daily chart The US Dollar Index (DXY) is trading above the 200-day simple moving average (DMA) after a sharp pullback down. DXY four-hour chart The market broke above the 97.60 resistance this Thursday and challenged the 50 SMA on the four-hour chart. The recovery is gaining some steam and the next resistances on the way up can be seen near… 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.
