US Dollar Index Technical Analysis: Greenback holding above 96.00 figure ahead of the US mid-term elections

• The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average ahead of the US mid-term elections.
• DXY is ending the day little changed from Friday’s close  as bulls tried to resume the bull trend but were brought back into Friday’s range by bears. Bulls want to revisit the 2018 high. The RSI indicator is above 50, the MACD is above to crossover from above and the Stochastic  is above the 50 line.
• The bulls have the main trend on their side. All-in-all suggesting that bulls need to support the market above 96.00 figure if they don’t want to see the bears take over the market and drive it back to the 95.00 level

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.00 former 2018 high
Resistance 2:         97.20 current 2018 high
Resistance 3:         97.87 June 20, 2017
Resistance 4:         98.00 figure

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

Additional key levels at a glance: