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25 Apr 2019

Dollar Index Technical Analysis: DXY looks to extend gains above 98.40 resistance

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving average (SMAs).
  • DXY is trading at multi-month highs after breaking key resistance at 97.71 level.


DXY 4-hour chart

  • The momentum is bullish as the index trades above its main SMAs. 
  • The level to beat for bulls is 97.40. A break above the level can lead to 98.80 resistance. 
  • To the downside, support is at 97.90 and 97.60 price level.

Additional key levels

 

Apr 25, 2019

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Apr 25, 2019

USD/MXN Technical Analysis: Corrects lower after approaching 19.20, an opportunity for buyers?

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