US Dollar Index Technical Analysis: Greenback bulls at a stone’s throw away from the 2018 high

• The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average.  
• DXY bulls finally broke above the 96.00 figure opening the door for a test of the 2018 high at 97.00.  Technical indicators remain bullish and suggest a continuation up.  
• A bear breakout below 95.65 would likely invalidate the bullish bias

DXY daily chart

Spot rate:                 96.39
Relative change:       0.47%
High:                        96.53
Low:                         95.91

Trend:                     Bullish

Resistance 1:         96.41 August 20 high
Resistance 2:         97.00 current 2018 high
Resistance 3:         97.87 June 20, 2017

Support 1:               96.00 figure
Support 2:               95.65 multi-month resistance (key level)
Support 3:               95.52 August 6 high
Support 4:               95.24 July 13 high