Forex
DXY Recovery Hits Resistance at 99.16
The US Dollar Index (DXY) is recovering from its recent dip to 98.72, currently trading at 99.07.
According to the chart analysis, price has recovered above the short-term moving averages but faces resistance at 99.16, where sellers are stepping in.
The first key level of resistance is 99.16, followed by 99.28 and 99.39 if it clears this zone.
On the other hand, if price continues to fall, support levels are 98.99, then 98.88 and 98.72.