- The US Dollar Index (DXY) has lost about 40 cents after attempting to break above Tuesday’s high.
- Although the selling has been fairly intense, DXY is trying to find a support at the bull channel (black line).
- The FOMC rate decision is most likely going to provide much volatility. Join the Fed Live Coverage - Today at 17:30 GMT, click here.
DXY 15-minute chart
Spot rate: 93.54
Relative change: 0.24%
Trend: Bullish above 93.21
Resistance 1: 93.66, 23.6% Fibonacci retracement (mid-April-late June bull run)
Resistance 2: 94.45 June 1, swing high
Resistance 3: 95.03 current 2018 high
Support 1: 93.47 Tuesday’s low
Support 2: 93.21 June 7 swing low
Support 3: 92.81, 38% Fibonacci retracement (mid-April-late June bull run)
Support 4: 92.24, May 14 swing low
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