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  • The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.  
  • DXY is moving up in a tight bull channel as the RSI and MACD indicators are in positive territories. The Stochastic is already in the overbought zone.  
  • Bulls would need to break above 96.99 (2018 high) on a daily closing basis in order to overcome the strong resistance and continue the bull trend towards 97.87 (June 20, 2017).  

   
DXY daily chart

Trend:                     Bullish

Resistance 1:         96.99 current 2018 high
Resistance 2:         97.87 June 20, 2017
Resistance 3:         98.00 figure

Support 1:               96.41 August 20 high
Support 2:               96.00 figure
Support 3:               95.65 multi-month resistance (key level)
Support 4:               95.52 August 6 high
Support 5:               95.24 July 13 high

 

Additional key levels at a glance:

Dollar Index Spot

Overview:
       Last Price:  96.69
       Daily change:  28  pips
       Daily change:  0.290%
       Daily Open:  96.41
Trends:
       Daily SMA20:  95.72
       Daily SMA50:  95.21
       Daily SMA100:  95.06
       Daily SMA200:  93
Levels:
       Daily High:  96.86
       Daily Low:  96.28
       Weekly High:  96.86
       Weekly Low:  95.47
       Monthly High:  95.74
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  96.5
       Daily Fibonacci 61.8%:  96.64
       Daily Pivot Point S1:  96.17
       Daily Pivot Point S2:  95.94
       Daily Pivot Point S3:  95.59
       Daily Pivot Point R1:  96.75
       Daily Pivot Point R2:  97.1
       Daily Pivot Point R3:  97.33