US Dollar Index Technical Analysis: Waiting for the Fed

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average.
  • The market is trading in a small range as the market is waiting for the FOMC on Wednesday at 18 GMT. The event can lead to great volatility in the USD.

DXY 4-hour chart

  • DXY is trading below its main SMAs suggesting bearish momentum in the medium-term.
  • DXY is under bearish pressure below 96.87 key resistance.
  • Supports to the downside are at 96.10 and 95.82 level.

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 96.4
    Today Daily change: 10 ticks
    Today Daily change %: -0.10%
    Today Daily Open: 96.5
Trends:
    Daily SMA20: 96.67
    Daily SMA50: 96.37
    Daily SMA100: 96.58
    Daily SMA200: 95.82
Levels:
    Previous Daily High: 96.63
    Previous Daily Low: 96.38
    Previous Weekly High: 97.45
    Previous Weekly Low: 96.38
    Previous Monthly High: 97.37
    Previous Monthly Low: 95.4
    Daily Fibonacci 38.2%: 96.48
    Daily Fibonacci 61.8%: 96.53
    Daily Pivot Point S1: 96.38
    Daily Pivot Point S2: 96.25
    Daily Pivot Point S3: 96.13
    Daily Pivot Point R1: 96.63
    Daily Pivot Point R2: 96.75
    Daily Pivot Point R3: 96.88

 

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