US Dollar Index Technical Analysis: DXY hits the highest point since May 2017

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DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
  • DXY is beaking multi-month’s resistance at 97.71 level.

DXY 4-hour chart

  • The break above 98.00 the figure is significant as it opens the gates to further upside towards 98.50 and 99.00 level.
  • To the downside, support is seen at 97.71 and 97.26. 


Additional key levels

 

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