US Dollar Index Technical Analysis: DXY still looking solid for now

• The US Dollar Index (DXY) is evolving in a bull channel and inside Friday’s range just above the 95.00 mark.
• It is trading above the 50, 100 and 200-day simple moving averages suggesting bullish momentum.  
• Bulls next target is located near 95.65 (July 19 high). However, A bear breakout below (94.43 August 28 swing low) would likely negate the bull bias.

DXY daily chart

Spot rate:                95.12
Relative change:     0.00%
High:                       95.22
Low:                        95.01

Trend:                     Bullish        

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

Support 1:            95.00 figure
Support 2:            94.91 July 27 high  
Support 3:            94.61 August 2, low
Support 4:            94.43 August 28 swing low  
Support 5:            94.08 July 26 swing low
Support 6:            93.71 July 9 swing low  
Support 7:            92.24 May 14 low