US Dollar Index technical analysis: DXY trading mixed above 99.00 ahead of the FOMC Minutes

Market players will be watching the FOMC Minutes at 18:00 GMT.
The 99.10 resistance is the level to beat for bulls.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above the main daily simple moving averages (DSMAs). Market participants are waiting for the FOMC Minutes, although analysts don’t expect any fireworks.

DXY four-hour chart

DXY is trading in the 99.00/99.10 band. The Greenback would need to daily close above 99.10 to open the gates towards 99.30/99.43 resistance zone.

DXY 30-minute chart

DXY is trading above the 100 and 200 SMAs, suggesting bullish momentum in the short term. Support is seen at the 99.00 and 98.85 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.07
Today Daily Change	-0.05
Today Daily Change %	-0.05
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

Author

Flavio Tosti

Independent Analyst

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