The US Dollar Index (DXY) is trading at five-day highs as the recovery is gaining some momentum. The next resistances on the way up are seen near 97.90 and 98.20 price levels. DXY daily chart The US Dollar Index (DXY) is trading above its 200-day simple moving average (DMA) after a sharp pullback down. This Friday, the buck traded as high as 97.90, reaching to the tick the resistance level mentioned on Thursday. The market will need to surpass the 100 DMA near the above-mentioned resistance. DXY four-hour chart On the four-hour chart, DXY broke above the downward sloping 50 SMA. The recovery is gaining some momentum and the next week the market will need to break 97.90 to potentially reach 98.20 and 98.66 price levels on the way up. DXY 30-minute chart DXY is trading above its main SMAs, suggesting a bullish bias in the short term. Support is seen in the 97.60/70 zone and at the 97.45 level. 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. View All Post By FX Street FXStreet News share Read Next CFTC commitment of traders report – Bitcoin longs in the lead with Asset Managers FX Street 3 years The US Dollar Index (DXY) is trading at five-day highs as the recovery is gaining some momentum. The next resistances on the way up are seen near 97.90 and 98.20 price levels. DXY daily chart The US Dollar Index (DXY) is trading above its 200-day simple moving average (DMA) after a sharp pullback down. This Friday, the buck traded as high as 97.90, reaching to the tick the resistance level mentioned on Thursday. The market will need to surpass the 100 DMA near the above-mentioned resistance. DXY four-hour chart On the four-hour chart, DXY… 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.
