US Dollar Index: DXY reaches 94.24 as bulls are unable to print a new 2018 high
|- The US Dollar Index (DXY) found some resistance at the 94.24 level after bulls tried to reach the high of 2018 made on June 28 at 95.53.
- DXY is now trying to find some support near 94.83, the May 29 close and the 200-period simple moving average which can lead to a bounce in the short-term.
- DXY failure to establish a new 2018 high can lead to an extension of the pullback towards 94.44 June 1, swing high.
DXY 15-minute chart
Spot rate: 94.83
Relative change: 0.00%
High: 95.24
Low: 94.77
Trend: Bullish/bear correction
Resistance 1: 94.83 May 29 close
Resistance 2: 95.24 July 13 high
Resistance 3: 95.53 current 2018 high, June 28
Resistance 4: 96.00 figure
Resistance 5: 96.51 July 05, 2017
Support 1: 94.83 May 29 close
Support 2: 94.44 June 1, swing high
Support 3: 94.00 figure
Support 4: 92.25, daily 200-period SMA
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.