The greenback is facing some headwinds in 2-month tops around 98.20, while it is expected to hold on in the 98.00 area ahead of the Fed decision on rates later today. A positive surprise at today’s FOMC event should lift DXY to new YTD highs beyond 98.40 ahead of May 2017 high at 99.89. Further out, the positive stance on DXY is seen unchanged while above the critical 200-day SMA, today at 96.889. This area of contention is also reinforced by the multi-month support line at 97.06. 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 EUR/USD Technical Analysis: A new visit to 1.1100 cannot be ruled out FX Street 4 years The greenback is facing some headwinds in 2-month tops around 98.20, while it is expected to hold on in the 98.00 area ahead of the Fed decision on rates later today. A positive surprise at today's FOMC event should lift DXY to new YTD highs beyond 98.40 ahead of May 2017 high at 99.89. Further out, the positive stance on DXY is seen unchanged while above the critical 200-day SMA, today at 96.889. This area of contention is also reinforced by the multi-month support line at 97.06. DXY daily chart 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.
