US Dollar Index Technical Analysis: There is room to the upside

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DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).

DXY 4-hour chart

  • DXY is reversing up from 95.80 support.

DXY 30-minute chart

  • DXY is trading above its main SMAs suggesting bullish momentum in the short-term.
  • 96.80, 97.00 and 97.40 can be on the bulls radar. 
  • Support is at 97.30, 97.10 and 95.90 level.

Additional key levels

 

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