2 May 2019
US Dollar Index Technical Analysis: Can 98.10 be on the cards for DXY bulls ?
DXY daily chart
- The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
- Less dovish than expected comments from Fed's Powell lifted the buck this Wednesday and Thursday.
DXY 4-hour chart
- DXY is trading above its main SMAs suggesting bullish momentum in the medium term.
- Bulls can lift the market to 98.10 and potentially to 98.34 resistances. A breach above 98.34 can see a move up to 98.70 level.
- Support is seen at 97.50 and 97.20 level.
Additional key levels