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5 Apr 2019

US Dollar Index Technical Analysis: DXY ends the week near its highs

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).


DXY 4-hour chart

  • DXY is trading above its main SMAs suggesting bullish momentum in the medium-term.


DXY 30-minute chart

  • DXY is trading above its main SMAs suggesting a bullish bias in the short-term.
  • Bulls will likely try to lift the market towards 97.60 and 97.71 key resistances. 
  • On the way down, support is seen at 97.20, 97.00 and 96.80 level.


Additional key levels

 

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