Home US Dollar Index technical analysis: DXY trading below 99.00 after the US NFP
FXStreet News

US Dollar Index technical analysis: DXY trading below 99.00 after the US NFP

  • DXY is trading mixed this Friday but down for the week.
  • The US Non-Farm Payrolls came below forecast at 136K vs. 145K in September, while wages disappointed at 2.9% vs. 3.2% forecast.  
 

DXY daily chart

 
The US Dollar Index (DXY) is an uptrend above its main daily simple moving averages (DSMAs). Earlier in the New York session, the US Non-Farm Payrolls came below expectations at 136K vs. 145K in September, while wages also disappointed at 2.9% vs. 3.2% forecast.

DXY four-hour chart

 
DXY is trading in the 98.63-99.00 range and between the 50 and 100 SMAs. A break of the 99.00/99.10 resistance zone could  lead to 99.30 in the medium term.

DXY 30-minute chart

 
 
DXY is trading below its main SMAs, suggesting a bearish bias in the short term. A break of 98.63 support can expose 98.30 on the way down.  
 

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.