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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