- The US Dollar Index (DXY) found some resistance at the 94.24 level after bulls tried to reach the high of 2018 made on June 28 at 95.53.
- DXY is now trying to find some support near 94.83, the May 29 close and the 200-period simple moving average which can lead to a bounce in the short-term.
- DXY failure to establish a new 2018 high can lead to an extension of the pullback towards 94.44 June 1, swing high.
DXY 15-minute chart
Spot rate: 94.83
Relative change: 0.00%
High: 95.24
Low: 94.77
Trend: Bullish/bear correction
Resistance 1: 94.83 May 29 close
Resistance 2: 95.24 July 13 high
Resistance 3: 95.53 current 2018 high, June 28
Resistance 4: 96.00 figure
Resistance 5: 96.51 July 05, 2017
Support 1: 94.83 May 29 close
Support 2: 94.44 June 1, swing high
Support 3: 94.00 figure
Support 4: 92.25, daily 200-period SMA