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28 Aug 2019
US Dollar Index technical analysis: DXY cling to daily highs, above 98.10 key level
- DXY (US Dollar Index) is gaining steam as the market broke the 98.10 resistance.
- The next target can be located near the 98.38 level, previous key level.
DXY daily chart
DXY (US Dollar Index) is in a bull trend above its main daily simple moving averages (DSMAs).
DXY 4-hour chart
DXY broke above 98.10 key resistance opening the gates for a potential move up towards 98.36 (previous key level) on the way up.
DXY 30-minute chart
The Greenback is trading above the main SMAs, suggesting a bullish bias in the short term. Immediate support is seen at the 98.10 and 97.95 levels.
Additional key levels