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

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

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

 

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.