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  • The US Dollar Index (DXY) is en route to resuming the bulls trend as it is trading above the 50 and 100-day simple moving averages.
  • Bulls need a close above 95.65, which has been a major resistance in the last months. In the absence of a breakout above 95.65, the market is seen going sideways to down in the coming sessions.  
  • On the flip side, a bull breakout above 95.65 would open the gates to 97.00 the current 2018 high.

DXY daily chart

Spot rate:                 95.45
Relative change:      0.18%
High:                        95.74
Low:                         95.26

Trend:                     Neutral to bullish

Resistance 1:         95.52 August 6 high
Resistance 2:         95.65 July 19 high
Resistance 3:         97.00 current 2018 high

Support 1:               95.24 July 13 high
Support 2:               95.00 figure
Support 3:               94.91 July 27 high  
Support 4:               94.43-60 August 28 swing low, 100-day SMA
Support 5:               93.71 July 9 swing low
Support 6:               93.17 June 14 swing low
Support 7:               92.24 May 14 swing low