US Dollar Index Technical Analysis: DXY having small correction up after Thursday’s selloff

• The US Dollar Index (DXY) bull trend is transitioning into a neutral to bearish trend as the market broke below the 100-day simple moving average (DMA).  
• DXY had a small reaction up after the sell-off seen on Thursday but the move seem only corrective at this stage. The RSI, MACD and Stochastics indicators are in negative territories suggesting bearish momentum.
• Bears targets are 93.71 July 9 swing low and 93.17 June 14 swing low.  

DXY daily chart

Spot rate:                 94.21
Relative change:      0.33%
High:                        94.33
Low:                         93.81

Trend:                     Neutral to bearish

Resistance 1:         94.43-51 August 28 swing low, 100-day SMA
Resistance 2:         94.91 July 27 high  
Resistance 3:         95.00 figure
Resistance 4:         95.24 July 13 high
Resistance 5:         95.52 August 6 high
Resistance 6:         95.65 July 19 high

Support 1:               93.71 July 9 swing low
Support 2:               93.17 June 14 swing low
Support 3:               92.24 May 14 swing low