US Dollar Index Technical Analysis: DXY flirting with the 2018 high

• The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.  
• DXY has been rebounding in the last three day from below 96.00. Bulls objective is to break above the 2018 high at 97.20. A break of the level would open the doors to 97.87 (June 20, 2017).
• Alternatively, failure to recapture 97.20 can lead to a retracement to 96.00.  

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.00 August 15 high
Resistance 2:         97.20, 2018 high  
Resistance 3:         97.87 June 20, 2017
Resistance 4:         98.00 figure

Support 1:               96.41 August 20 high
Support 2:               96.00 figure
Support 3:               95.65 multi-month resistance (key level)
Support 4:               95.52 August 6 high
Support 5:               95.24 July 13 high

Additional key levels at a glance: