Back

US Dollar Index technical analysis: DXY holds bearish attack - Can 97.74 be next for bulls ?

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
97.18 where lies the 50 SMA and the 97.00 figure provided support this Monday.


DXY 4-hour chart

DXY trades above 97.20 key support held on Monday. Bulls will need to initially overcome 97.35 resistance in order to potentially 97.74 key resistance to the upside. 
A sustained beach below 97.20/97.00 would negate the bullish scenario as the main support on the way down is seen at 96.80.

DXY 30-minute chart

Bulls created a v-shaped reversal on Monday while the bulls are challenging the 100 SMA.

Additional key levels

 

US Pres. Trump: No decision yet on additional tariffs on $325 billion worth of Chinese imports

While speaking to reports on the U.S.-China trade dispute, President Trump said that he had not made a decision yet on imposing tariffs on additional
Mehr darüber lesen Previous

US: Inflation impact could be significant if the White House extends tariffs all Chinese imports - NBF

Krishen Rangasamy , analyst at National Bank of Canada, points out that if the Trump’s administration extends 25% tariffs to the remaining Chinese goo
Mehr darüber lesen Next