The US Dollar Index (DXY) is losing steam at the end of the New York session. The DXY recovery would gain strength on a daily close above 97.60 resistance. DXY daily chart The US Dollar Index (DXY) is trading above the 200-day simple moving average (DMA) after a steep pullback down. DXY four-hour chart DXY is trading below its main SMAs, suggesting bearish momentum in the medium term. However, the market traded above 97.60 this Wednesday but failed to register a daily close above the level, making the nascent recovery slightly weaker in the short term. The main support is seen at 97.20, followed by 96.72. DXY 30-minute chart DXY is trading above its 100 SMAs, suggesting a correction in the short term. The recovery would gain credibility on a daily close above 97.60. A break above the level can expose the next key resistance at 97.90 and the 98.20 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 EUR/USD hits fresh highs above 1.1140 as US Dollar retreats FX Street 3 years The US Dollar Index (DXY) is losing steam at the end of the New York session. The DXY recovery would gain strength on a daily close above 97.60 resistance. DXY daily chart The US Dollar Index (DXY) is trading above the 200-day simple moving average (DMA) after a steep pullback down. DXY four-hour chart DXY is trading below its main SMAs, suggesting bearish momentum in the medium term. However, the market traded above 97.60 this Wednesday but failed to register a daily close above the level, making the nascent recovery slightly weaker… 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.
