US Dollar Index Technical Analysis: DXY remains supported above 96.80 level

0

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
  • DXY found some support at the 50 SMA just below 97.00 the figure.


DXY 4-hour chart

  • DXY found some support at the 200 SMA.


DXY 30-minute chart

  • The level to beat for bulls is the 97.00 figure. A bullish break above the resistance would open the gates to 97.20 and 97.40 level. 
  • Supports to the downside are at 96.80 and 96.60 level.

Additional key levels

 

Get the 5 most predictable currency pairs

About Author