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  • The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.  
  • DXY closed above the 97.00 level (former 2018 high) confirming the bullish strength. Technical indicators are pointing upwards indicating the bulls might get ready to reach 97.87 (June 20, 2017).
  • On the flip side, a break below 97.00 on a daily closing basis could be a warning sign for bulls.  

 DXY daily chart

Trend:                     Bullish

Resistance 1:         97.20 October 21 high
Resistance 2:         97.87 June 20, 2017
Resistance 3:         98.00 figure

Support 1:               97.00 former 2018 high
Support 2:               96.41 August 20 high
Support 3:               96.00 figure
Support 4:               95.65 multi-month resistance (key level)
Support 5:               95.52 August 6 high
Support 6:               95.24 July 13 high

Additional key levels at a glance:

Dollar Index Spot

Overview:
       Last Price:  97.11
       Daily change:  11  pips
       Daily change:  0.113%
       Daily Open:  97
Trends:
       Daily SMA20:  95.86
       Daily SMA50:  95.26
       Daily SMA100:  95.12
       Daily SMA200:  93.06
Levels:
       Daily High:  97.02
       Daily Low:  96.62
       Weekly High:  96.86
       Weekly Low:  95.47
       Monthly High:  95.74
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  96.87
       Daily Fibonacci 61.8%:  96.77
       Daily Pivot Point S1:  96.74
       Daily Pivot Point S2:  96.48
       Daily Pivot Point S3:  96.34
       Daily Pivot Point R1:  97.14
       Daily Pivot Point R2:  97.28
       Daily Pivot Point R3:  97.54