- The US Dollar Index (DXY) broke an important resistance level at 95.65 which is a multi-month resistance line.
- The RSI, MACD and Stochastics are in full bull mode while DXY is trading above its main daily simple moving averages.
- As it stands DXY seems to be ready to retest the 2018 high at the 97.00 figure.
DXY daily chart
Spot rate: 95.79
Relative change: 0.33%
High: 95.82
Low: 95.25
Trend: Bullish
Resistance 1: 95.65 July 19 high
Resistance 2: 96.41 August 20 high
Resistance 3: 97.00 current 2018 high
Support 1: 95.52 August 6 high
Support 2: 95.24 July 13 high
Support 3: 95.00 figure
Support 4: 94.91 July 27 high
Support 5: 94.43-60 August 28 swing low, 100-day SMA
Support 6: 93.71 July 9 swing low
Support 7: 93.17 June 14 swing low
Support 8: 92.24 May 14 swing low