US Dollar Index Technical Analysis: The Greenback prints a new 2018 high as bulls are nearing 98.00 level

• The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.  
• DXY broke to a new 2018 high as bulls are nearing the 98.00 figure. Technical indicators remain bullishly configured suggesting more gains ahead.  
• A break above 98.00 can open the doors to 98.86 (March 27, 2017 low).

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.87 June 20, 2017
Resistance 2:         98.00 figure
Resistance 3:         98.86 March 27, 2017 low

Support 1:               97.00 August 15 high
Support 2:               96.41 August 20 high
Support 3:               96.00 figure
Support 4:               95.65 multi-month resistance (key level)
Support 5:               95.52 August 6 high

Additional key levels at a glance: