- DXY ticked up slightly this Monday as the risk off mode eased slightly with encouraging words from Pesident Trump about the trade war.
- Will the bulls be able to reconquer 98.10 to the upside?
DXY daily chart
The US Dollar Index (DXY) is evolving in a bull trend above its main simple moving averages (SMAs). DXY recouped some of the lost ground in the last two days of trading.
DXY 4-hour chart
The greenback is having a small rebound from near the 97.50 level and the 200 SMA.
DXY 30-minute chart
DXY is challenging the 97.80 resistance and the 100 SMA. A break above this resistance can lead to 97.90 which is the last bastion for a full recovery towards 98.10. To the downside 97.50 and 97.30 can continue to be bearish targets in the coming sessions if the 97.90 resistance holds.
Additional key levels
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