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25 Sep 2019
US Dollar Index technical analysis: DXY clings to daily gains near the 99.00 handle
- Political headlines in the United States give DXY a boost.
- The level to beat for bulls is the 99.10 resistance.
DXY daily chart
DXY (US Dollar Index) is in an uptrend above the main daily simple moving averages (DSMAs). Political headlines in the United States boosted the Greenback this Wednesday.
DXY four-hour chart
DXY rose almost to the 99.10 resistance as the market is trading above its SMAs. A break above the 99.10 resistance is needed for a test of the 2019 high at 99.38.
DXY 30-minute chart
DXY is trading above the main SMAs, suggesting bullish momentum in the short term. Support is seen at the 98.85 and 98.60 price level.
Additional key levels