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  • The US Dollar Index (DXY) main bull trend is transitioning into a neutral to bearish trend.  
  • DXY strongly broke below 94.43 August 28 swing low and the 100-day simple moving average (DMA) as the head-and-shoulders pattern put heavy bearish pressure on the Greenback. The main targets to the downside are seen near 93.71 (July 9 swing low), 93.71 (July 9 swing low) and  92.24 (May 14 swing low).  
  • The RSI, MACD and Stochastics are bearishly configured and remains supportive of lower prices ahead.

DXY daily chart

Spot rate:                 93.90
Relative change:     -0.70%
High:                        94.56
Low:                         93.83

Trend:                      Neutral to bearish

Resistance 1:         94.43-51 August 28 swing low, 100-day SMA
Resistance 2:         94.91 July 27 high  
Resistance 3:         95.00 figure
Resistance 4:         95.24 July 13 high
Resistance 5:         95.52 August 6 high
Resistance 6:         95.65 July 19 high

Support 1:               93.71 July 9 swing low
Support 2:               93.71 July 9 swing low
Support 3:               92.24 May 14 swing low