US Dollar Index technical analysis: DXY continues stabilizing near 96.74 and 200 DSMA

News
  • The US Dollar Index (DXY) is under pressure below the 97.00 figure.
  • The European Central Bank’s president Mario Draghi will be speaking on Wednesday. This can indirectly affect DXY.
  • The US Consumer Price Index (CPI), also to be released on Wednesday can provide volatility on DXY. 

DXY daily chart

The US Dollar Index (DXY) is in a bullish trend above the 96.40 support and the 200-day simple moving averages (DSMA).


DXY 4-hour chart

DXY is attempting to stabilize above 96.40 support as the index is trading below its main SMAs.

DXY 30-minute chart

DXY is under bearish pressure below its main SMAs. Bears want a break below 96.74 and a continuation towards 96.40 to get to 95.74. However, a daily close above 97.00 and 97.30 resistances would embolden the bullish case. 

Additional key levels

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