US Dollar Index Technical Analysis: 95.65 mission accomplished – DXY meeting strong resistance

• The US Dollar Index (DXY) is trading in a bull channel above the 50, 100 and 200-day simple moving average.
• DXY reached the 95.65 (July 19 high) resistance and the market is now debating whether to extend the bull leg or creating a pullback towards 95.00.  
• The 95.65 level has been an important resistance those last months and if bulls are not able to break above the level soon a deeper pullback can follow.  

DXY daily chart

Spot rate:                95.40
Relative change:     0.29%
High:                       95.74
Low:                        95.12

Trend:                     Bullish above 95.65
     

Resistance 1:         95.52 August 6 high
Resistance 2:         95.65 July 19 high
Resistance 3:         96.00 figure

Support 1:            95.24 July 13 high
Support 2:            95.00 figure
Support 3:            94.91 July 27 high