US Dollar Index technical analysis: DXY ends the week on its low near 98.60 level
|DXY daily chart
The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
DXY is trading down for the second consecutive day after establishing a new 2019 high this Thursday.
DXY 4-hour chart
The greenback is steeply down just above 97.50 and the 200 SMA.
DXY 30-minute chart
DXY bears took the lead as 97.50, 97.30 and 97.00 become targets to the downside. Resistance is seen at 97.80 and 98.10.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.