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  • The US Dollar Index (DXY) is in a bull trend above the 200-day simple moving average.  
  • DXY regained some of the ground lost on Thursday. Bulls would ideally need to recapture 97.20 (current 2018 high) in order to resume the bull trend.
  • The RSI and Stochastic indicators are weakening suggesting bulls would need to break above 97.20 quickly if they do not want the bears to take over.

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.20 current 2018 high
Resistance 2:         97.87 June 20, 2017
Resistance 3:         98.00 figure

Support 1:               97.00 former 2018 high
Support 2:               96.41 August 20 high
Support 3:               96.00 figure
Support 4:               95.65 multi-month resistance (key level)
Support 5:               95.52 August 6 high
Support 6:               95.24 July 13 high


Additional key levels at a glance:

Dollar Index Spot

Overview:
       Last Price:  96.5
       Daily change:  19  pips
       Daily change:  0.197%
       Daily Open:  96.31
Trends:
       Daily SMA20:  95.94
       Daily SMA50:  95.32
       Daily SMA100:  95.17
       Daily SMA200:  93.14
Levels:
       Daily High:  97.1
       Daily Low:  96.2
       Weekly High:  96.86
       Weekly Low:  95.47
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  96.54
       Daily Fibonacci 61.8%:  96.76
       Daily Pivot Point S1:  95.97
       Daily Pivot Point S2:  95.64
       Daily Pivot Point S3:  95.07
       Daily Pivot Point R1:  96.87
       Daily Pivot Point R2:  97.44
       Daily Pivot Point R3:  97.77