US Dollar Index technical analysis: DXY rises to the 70.00 handle

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  • DXY is picking up some steam this Wednesday.
  • The level to beat for bulls is 97.00. 

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above the 96.74 support and the 200-day simple moving averages (DSMA). The market is testing the 100 SMA and 97.00 figure.


DXY 4-hour chart

DXY is testing the 50 SMA. 

DXY 30-minute chart

DXY is under bullish pressure above its main SMAs. Bulls want a break above 97.00 and a continuation towards 97.30 and 97.55. Support is at 97.74 and 96.40. 

Additional key levels

 

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