US Dollar Index Technical Analysis: DXY tight trading range goes on below 95.65
|- The US Dollar Index (DXY) main bull trend is on hold since mid-August.
- DXY is in a tight trading range between the 100-day simple moving average and the 95.65 level. The RSI and MACD are neutral while the Stochastics indicator is still bullish.
- However, DXY needs a bullish confirmation above 95.65 or else the market might start to rotate down.
DXY daily chart
Spot rate: 95.04
Relative change: -0.14%
High: 95.35
Low: 94.87
Trend: Bullish
Resistance 1: 95.24 July 13 high
Resistance 2: 95.52 August 6 high
Resistance 3: 95.65 July 19 high
Resistance 4: 96.00 figure
Resistance 5: 97.00, 2018 high
Support 1: 95.00 figure
Support 2: 94.91 July 27 high
Support 3: 94.43 August 28 swing low
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