Home US Dollar Index Technical Analysis: Greenback buyers take the lead and keep DXY above 94.50
FXStreet News

US Dollar Index Technical Analysis: Greenback buyers take the lead and keep DXY above 94.50

  • The US Dollar Index (DXY) is up about 0.38% this Tuesday as the buyers gathered some good momentum. DXY bulls managed to keep the market above 94.44 June 1, swing high.
  • The next resistance to the upside to overcome is likely the 94.83 which was the closing price on May 29.
  • The  94.44 now becomes support.  

DXY 15-minute chart

Spot rate:                94.68
Relative change:    0.40%      
High:                       94.78
Low:                        94.18

Trend:                     Bullish
         
Resistance 1:         94.83 May 29 close
Resistance 2:         95.53 current 2018 high
Resistance 3:         96.00 figure
Resistance 4:         96.51 July 05, 2017

Support 1:              94.44 June 1, swing high
Support 2:              94.00 figure
Support 3:              93.73, 200-period SMA

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.