US Dollar Index Technical Analysis: DXY painfully advancing to a new two-week’s high

DXY daily chart

• The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).

DXY 4-hour chart

• DXY is trading above its main SMAs suggesting bullish momentum in the medium-term.

DXY 30-minute chart

• DXY is trading between the 50 and 100 SMA, suggesting a consolidation in the short-term.
• The level to beat for bulls is 97.50 and 97.70 key resistances.  
• Bears will be looking at 97.20, 97.00 and 96.80 support.  

Additional key levels