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US Dollar Index Technical Analysis: Another leg up in the cards

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
  • DXY is trading near 97.00 and just above the 50 SMA.  

DXY 4-hour chart

  • DXY is supported above the 200 SMA.

DXY 30-minute chart

  • A sustained bull break above 97.00 resistance would open the doors to 97.20, 97.40 and 97.60 level.  
  • Supports can be seen at 96.80 and 96.60 level.


Additional key levels

 

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