US Dollar Index technical analysis: DXY stabilizing near 96.74 and 200 DSMA
|- DXY (US Dollar Index) is regaining some ground on the back of the risk-on mood. The deal between the US and Mexico on tariffs and immigration was seen as favorable for USD and equities.
- DXY bulls are not out of the woods just yet.
DXY daily chart
The US Dollar Index (DXY) is trading in a bull trend above 96.40 support and the 200-day simple moving averages (DSMA).
DXY remains under bearish pressure below 97.00 and its main SMAs.
DXY 30-minute chart
DXY is trading below its main SMAs suggesting bearish momentum in the near term. Bears will be looking for a break below 96.74 support and a sustained drop below 96.40 to reach 95.74. Signs of a bullish recovery could be seen on a daily close above 97.00 and 97.30 resistances.
Additional key levels
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.