DXY Chart Technical Outlook under pressure after dovish Fed decision bears target 99.90*
The Fed cut rates by 50 bps, signaled more, and seemed confident about the economy. That weighs on the US Dollar, and investors are interested in other assets.
DXY has support at the swing low of 100.21, then at 99.90, which is an old line. Weak resistance is at 100.52, followed by 101.01 and the swing high of 101.48. The trend is down.
