US Dollar Index Technical Analysis: DXY bulls keep the trend intact – 95.65 target

• The US Dollar Index (DXY) is progressing in a bull channel as the market found support at 94.43 this week.  
• DXY is now trading above its 50, 100 and 200-day simple moving average suggesting bullish momentum.  
• The next bull target is located at 95.65 (July 19 high). A bear breakout below (94.43 August 28 swing low) would invalidate the bull bias.

DXY daily chart  

Spot rate:                95.09
Relative change:      0.43%
High:                       95.23
Low:                        94.55

Trend:                     Bullish        

Resistance 1:         95.00 figure
Resistance 2:         95.24 July 13 high
Resistance 3:         95.52 August 6 high
Resistance 4:         95.65 July 19 high
Resistance 5:         96.00 figure
Resistance 6:         96.51 July 05, 2017 high

Support 1:            94.91 July 27 high  
Support 2:            94.61 August 2, low
Support 3:            94.43 August 28 swing low  
Support 4:            94.08 July 26 swing low
Support 5:            93.71 July 9 swing low  
Support 6:            92.24 May 14 low