The US Dollar Index (DXY) bulls are trying to resume the bull trend as they broke above the 100-day simple moving average. DXY broke above 94.43 (August 28 swing low) and is currently challenging the 50-period simple moving average. The RSI is above 50, the MACD is turning higher and the Stochastic indicator is up, suggesting bullish momentum. Bulls objective is to break above 95.65 July 19 high in order to reach 97.00 the current 2018 high. A bear breakout below 94.43 might invalidate the bullish bias DXY daily chart Spot rate: 95.19 Relative change: 0.21% High: 95.37 Low: 94.92 Trend: Neutral to bullish Resistance 1: 95.24 July 13 high Resistance 2: 95.52 August 6 highResistance 3: 95.65 July 19 high Support 1: 95.00 figure Support 2: 94.91 July 27 high Support 3: 94.43-60 August 28 swing low, 100-day SMA Support 4: 93.71 July 9 swing low Support 5: 93.17 June 14 swing low Support 6: 92.24 May 14 swing low FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EOS Price Analysis: EOS/USD rising wedge spells potential danger for latest recovery FX Street 4 years The US Dollar Index (DXY) bulls are trying to resume the bull trend as they broke above the 100-day simple moving average. DXY broke above 94.43 (August 28 swing low) and is currently challenging the 50-period simple moving average. The RSI is above 50, the MACD is turning higher and the Stochastic indicator is up, suggesting bullish momentum. Bulls objective is to break above 95.65 July 19 high in order to reach 97.00 the current 2018 high. A bear breakout below 94.43 might invalidate the bullish bias DXY daily chart Spot rate: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.