Home US Dollar Index Technical Analysis: NFP disappoints USD bulls as DXY closes near 95.65 key level
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US Dollar Index Technical Analysis: NFP disappoints USD bulls as DXY closes near 95.65 key level

  • The US Dollar Index (DXY) is trading in a bull trend above its 50, 100 and 200-period simple moving averages. The Nonfarm Payrolls for September disappointed the market with only 134K vs 185K expected by analysts;  and USD retreated (slightly).  
  • DXY is about to close Friday near 95.65 (July 19 high) which has been a key resistance in the last months of trading. Under this level, DXY is likely to enter a consolidation phase.
  • Levels of support can be seen near 95.52 (August 6 high), 95.24 (July 13 high) and 95.00 figure.  

DXY daily chart

Spot rate:                 95.65
Relative change:     -0.12%
High:                        95.95
Low:                         95.52

Trend:                     Bullish

Resistance 1:         95.65 July 19 high
Resistance 2:         96.41 August 20 high
Resistance 3:         97.00 current 2018 high

Support 1:               95.52 August 6 high
Support 2:               95.24 July 13 high
Support 3:               95.00 figure
Support 4:               94.91 July 27 high  
Support 5:               94.43-60 August 28 swing low, 100-day SMA
Support 6:               93.71 July 9 swing low
Support 7:               93.17 June 14 swing low
Support 8:               92.24 May 14 swing low

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