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DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
  • DXY hit a new 2019 high at 97.78 during the North American session.  

DXY 4-hour chart

  • There is currently no acceptance above the 97.70 key resistance.

DXY 30-minute chart

  • The momentum is bullish however bulls will need a convincing breakout above 97.70 resistance.  
  • Failure to retake that price level would see the current up  move as a bullish overaction exposing 97.50/40 support to the downside.
  • Alternatively, the bullish scenario would entail a break above 97.70 towards 98.00 resistances.

Additional key levels