US Dollar Index Technical Analysis: Nothing really bullish ahead of the Fed

DXY daily chart

• The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
• DXY is correcting down for the fourth day in a row. 
• Traders will watch the Federal Reserve Monetary Policy Statement at 18:00 GMT for directions in the greenback.

DXY 4-hour chart

• DXY is drifting down below the 50 and 100 SMAs. 
• There seems to be no relevant support before the 96.80 level.
• Resistance is at 97.60 and 97.90 level. 

DXY 30-minute chart

• DXY is trading below its main SMAs suggesting a bearish bias in the short-term. 

Additional key levels