DXY (US Dollar Index) reacted positively after optimistic comments from Fed’s Powell. The level to beat for bulls is at 98.42 and 98.68 resistance levels. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). DXY is trading mixed after the release of the Non-farm Payrolls (NFP) in the United States (US). The monthly data came in below expectations with only 130K jobs added in August vs. 158K forecast. However, the wages, the Average Hourly Earnings, beat expectations with 3.2% vs. 3.1% forecast. Earlier, FOMC Chairman Jerome Powell said he was not expecting a recession in the US. His optimistic comments triggered some modest strength in the USD. DXY four-hour chart The Greenback is trading above the 98.0 support and the 100/200 SMAs. DXY bulls need to overcome the 92.42 resistance to reclaim the 98.68 price level in the medium term. DXY 30-minute chart DXY is trading below the main SMAs, suggesting bearish momentum in the near term. However, if the market holds above 98.10 it would be seen as a sign of bullish strength. The next support is seen at 97.90 price 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 ETC/USD technical analysis: Ethereum Classic dips under 7.000 again, where can you find support? FX Street 4 years DXY (US Dollar Index) reacted positively after optimistic comments from Fed's Powell. The level to beat for bulls is at 98.42 and 98.68 resistance levels. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). DXY is trading mixed after the release of the Non-farm Payrolls (NFP) in the United States (US). The monthly data came in below expectations with only 130K jobs added in August vs. 158K forecast. However, the wages, the Average Hourly Earnings, beat expectations with 3.2% vs. 3.1% forecast. Earlier, FOMC Chairman… 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.
