Home US Dollar Index technical analysis: DXY gets slammed on Fed’s William comments
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US Dollar Index technical analysis: DXY gets slammed on Fed’s William comments

FX Street
Updated:
  • DXY breaks below the 97.00 figure and the 200 DSMA.  
  • The level to beat for bears is 96.60 and 96.36.
     

DXY daily chart
 

The US Dollar Index (DXY) broke below the 97.00 handle and the 200-daily simple moving average (DSMA).


DXY 4-hour chart
 

The market is trading below its main SMAs suggesting bearish momentum in the medium term. Bears would need a break below 96.60 and 96.36.


DXY 30-minute chart
 

The bears took the market by surprise and brought the index near the weekly lows. Resistances are seen at 96.80 and the 97.00 figure.  


Additional key levels

 

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