DXY daily chart
- The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
- The market reversed earlier losses on the back of comments from Fed’s Powell.
DXY 4-hour chart
- DXY is trading above the 100 and 200 SMA suggesting bullish momentum in the medium term.
DXY 30-minute chart
- DXY is trading below its 200 SMA suggesting a potential sideways market in the short-term.
- Bulls will need to overcome 97.70 and 97.90 to the upside.
- Support is seen at 97.50 and 97.20 level.
Additional key levels