US Dollar Index Technical Analysis: Greenback bulls challenging the 50-day simple moving average

• 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 high
Resistance 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