US Dollar Index technical analysis: DXY trading above 99.10 ahead of US CPI on Thursday


  • The FOMC Minutes failed to provide any new information. 
  • The 99.30 resistance is the level to beat for bulls. 
  • Market players will focus on the US inflation data on Thursday. 
 

DXY daily chart

 
The US Dollar Index (DXY) is trading in a bull trend above its main daily simple moving averages (DSMAs). The FOMC bring little to no action as Fed’s Powell reiterates known facts: “risks come from abroad, chances of a recession are limited, the economy overall is healthy.” Investors will focus on the Consumer Price Index (CPI) in the United States this Thursday at 12:30 GMT.  
 

DXY four-hour chart

 
DXY is trading above the main SMAs, suggesting bullish momentum in the medium term. A daily close above 99.10 could open the gates towards 99.30/99.43 resistance zone.
 

DXY 30-minute chart

 
 
DXY is trading above the main SMAs, suggesting bullish momentum in the short term. Support is seen at the 99.00/99.10 support zone and the 98.85 price levels. 
 

Additional key levels 

Dollar Index Spot

Overview
Today last price 99.13
Today Daily Change 0.01
Today Daily Change % 0.01
Today daily open 99.12
 
Trends
Daily SMA20 98.76
Daily SMA50 98.4
Daily SMA100 97.8
Daily SMA200 97.3
 
Levels
Previous Daily High 99.26
Previous Daily Low 98.85
Previous Weekly High 99.67
Previous Weekly Low 98.63
Previous Monthly High 99.46
Previous Monthly Low 97.99
Daily Fibonacci 38.2% 99.1
Daily Fibonacci 61.8% 99.01
Daily Pivot Point S1 98.89
Daily Pivot Point S2 98.67
Daily Pivot Point S3 98.48
Daily Pivot Point R1 99.3
Daily Pivot Point R2 99.49
Daily Pivot Point R3 99.71

 

 

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