The US Dollar Index (DXY) is stabilizing above the 97.20 support level. The recovery would gain credibility on a daily close above 97.60 resistance. DXY daily chart The US Dollar Index (DXY) is trading near the 200-day simple moving average (DMA). The market is stabilizing somewhat but further strength is needed to confirm a potential recovery in the buck. DXY four-hour chart DXY is trading below its main SMAs, suggesting bearish momentum in the medium term. However, the market is trying to find some footing near the 97.20 support. A daily close below this level can lead to the 96.72 level. DXY 30-minute chart DXY is trading above its 50 and 100 SMAs, suggesting a correction in the short term. The bearish pressure would likely diminish further if the market surpasses the 97.60 resistance on a daily basis. Further up lie the 98.20 resistance. 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 Wall Street weighed by Brexit, US data and earnings FX Street 3 years The US Dollar Index (DXY) is stabilizing above the 97.20 support level. The recovery would gain credibility on a daily close above 97.60 resistance. DXY daily chart The US Dollar Index (DXY) is trading near the 200-day simple moving average (DMA). The market is stabilizing somewhat but further strength is needed to confirm a potential recovery in the buck. DXY four-hour chart DXY is trading below its main SMAs, suggesting bearish momentum in the medium term. However, the market is trying to find some footing near the 97.20 support. A daily… 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.
