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  • The US Dollar Index (DXY) is resuming the bulls trend as it is trading above the 50 and 100-day simple moving averages.  
  • The market will need to break above 95.65 July 19 high in order to open the gates to 97.00 (2018 high). The RSI, MACD indicators are supportive of higher prices,  however, the Stochatsics indicator is already in overbought territory.
  • A break below 94.43 would be seen as negative for bulls.  

DXY daily chart

Spot rate:                 95.27
Relative change:      0.16%
High:                        95.37
Low:                         95.00

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
Resistance 4:         97.00 current 2018 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