US Dollar Index technical analysis: DXY gets slammed on Fed’s William comments

• DXY breaks below the 97.00 figure and the 200 DSMA. 
• The level to beat for bears is 96.60 and 96.36.
   

DXY daily chart
 

The US Dollar Index (DXY) broke below the 97.00 handle and the 200-daily simple moving average (DSMA).

DXY 4-hour chart
 

The market is trading below its main SMAs suggesting bearish momentum in the medium term. Bears would need a break below 96.60 and 96.36.

DXY 30-minute chart
 

The bears took the market by surprise and brought the index near the weekly lows. Resistances are seen at 96.80 and the 97.00 figure. 

Additional key levels