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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).
  • DXY is correcting down just below the 98.00 mark.


DXY 4-hour chart

 

  • The momentum is bullish as the index trades above its main SMAs, however, a break below 97.80 can lead to a correction to 97.60 and 97.26 if bears gather enough steam.


DXY 30-minute chart

  • As DXY is trading below its main SMAs the market can continue to weaken.
  • To the upside, resistances are seen at 97.95 and 98.10 level.  

Additional key levels