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DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
  • DXY is correcting down for the fourth day in a row.  
  • Traders will watch the Federal Reserve Monetary Policy Statement at 18:00 GMT for directions in the greenback.

DXY 4-hour chart

  • DXY is drifting down below the 50 and 100 SMAs.  
  • There seems to be no relevant support before the 96.80 level.
  • Resistance is at 97.60 and 97.90 level.  

DXY 30-minute chart

  • DXY is trading below its main SMAs suggesting a bearish bias in the short-term.  

Additional key levels