- DXY (US Dollar Index) is at a stone’s throw from the 2019 high as the Greenback is having a substantial boost.
- The next key resistances are seen at 98.94, the 2019 high, and potentially the 99.27 level.
DXY daily chart
DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DSMAs). The market is nearing the 2019 high at 98.94.
DXY 4-hour chart
DXY broke above 98.68 resistance opening the gates for a potential continuation up towards 98.94, the 2019 high and 99.27, crucial previous level. If the market holds above the 98.68 level, it would be seen as a bullish sign.
DXY 30-minute chart
The Greenback is trading above the main SMAs, suggesting bullish momentum in the short term. Immediate support is seen at the 98.68 and the 98.45 levels.