US Dollar Index Technical Analysis: Greenback bulls finally decided to show up as DXY hits 97.50 level

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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).
  • As discussed yesterday, DXY had another leg up above 97.00 the figure.

DXY 4-hour chart

  • DXY is finding resistance at 97.50 level.


DXY 30-minute chart

  • Bulls would need to overcome 97.50/60 resistance if they want to revist the 2019 high at 97.70.
  • Next week, bears will most likely be driving DXY to 97.20 and 97.00 key support. 


Additional key levels

 

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