DXY appears to have met a tough resistance in the 98.40/50 band, coincident with May peaks. Another visit to the 2019 highs just below the 99.00 barrier remains well on the cards as long as the short-term support line, today at 97.57, underpins. In the meantime, the index is looking to today’s FOMC minutes and Friday’s speech by Chief Powell for near term direction. The 21-day SMA at 97.90 should offer interim contention in case sellers rush to the markets, while the 2019 highs near the 99.00 mark should be the next target on a resumption of the up move. DXY daily chart 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. View All Post By FX Street FXStreet News share Read Next NZD/USD technical analysis: Near-term set-up remains in favour of bearish traders FX Street 4 years DXY appears to have met a tough resistance in the 98.40/50 band, coincident with May peaks. Another visit to the 2019 highs just below the 99.00 barrier remains well on the cards as long as the short-term support line, today at 97.57, underpins. In the meantime, the index is looking to today's FOMC minutes and Friday's speech by Chief Powell for near term direction. The 21-day SMA at 97.90 should offer interim contention in case sellers rush to the markets, while the 2019 highs near the 99.00 mark should be the next target on a resumption of the up move.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
