US Dollar Index Technical Analysis: DXY holding on above the 100-day simple moving average

• The US Dollar Index is in a bull trend on the daily chart as it is trading above the 200-day simple moving average (SMA).  
• DXY is holding just above the 100-day simple moving average as the market failed last week to break above the 96.00 level.
• The RSI is below the 50 line, the MACD is turning bearish while the Stochastic indicator is dropping. All-in-all suggesting that a continuation down towards 94.43 (August 28 swing low) can be on the cards on a break below the 100 SMA. A bull breakout above 96.00 on a daily closing basis would invalidate the bearish bias.

DXY daily chart

Spot rate:                 95.07
Relative change:      0.21%
High:                        95.37
Low:                         94.95

Trend:                     Bullish

Resistance 1:         95.24 July 13 high
Resistance 2:         95.52 August 6 high
Resistance 3:         95.65 July 19 high (key level)
Resistance 4:         96.00 figure
Resistance 5:         96.41 August 20 high
Resistance 6:         97.00 current 2018 high

Support 1:               95.00 figure
Support 2:               94.91 July 27 high  
Support 3:               94.43 August 28 swing low
Support 4:               93.81 September 21 swing low (key level)