DXY break to a new 2019 high as the Federal Reserve cuts interest rates. The level to beat for buyers are seen at 98.68, 99.00 and the 99.40 level. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). DXY rose as the Federal Reserve cut interest rates as expected by 25 bps. DXY 4-hour chart DXY is trading above its main SMAs, suggesting bullish momentum in the medium term. The level to beat for bulls is 98.68, the new 2019 high established this Wednesday. A break above the level can open the doors to 99.00 and 99.40 to the upside. DXY 30-minute chart DXY is trading above its main SMAs, suggesting bullish momentum in the near term. Immediate support can be seen at 98.38 and 98.10 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 levels to watch after Powell’s powerful performance Yohay Elam 4 years DXY break to a new 2019 high as the Federal Reserve cuts interest rates. The level to beat for buyers are seen at 98.68, 99.00 and the 99.40 level. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). DXY rose as the Federal Reserve cut interest rates as expected by 25 bps. DXY 4-hour chart DXY is trading above its main SMAs, suggesting bullish momentum in the medium term. The level to beat for bulls is 98.68, the new 2019 high… 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.
