US Dollar Index Technical Analysis: DXY finding resistance at 96.00 and pulling back to 95.65 key level on Friday
|- The US Dollar Index (DXY) is in a bull trend above the 200-day simple moving average (SMA).
- DXY tried to break above 96.00 figure but sellers took over this Friday driving the price back near 95.65 key level. The bull momentum remains in place, however, DXY bulls need a break above 96.00 in order to travel toward the 2018 high at 97.00.
- In the absence of a break above 96.00 the market is likely to retreat towards the 95.00 figure.
DXY daily chart
Spot rate: 95.69
Relative change: -0.3%
High: 96.09
Low: 95.54
Trend: Bullish
Resistance 1: 96.00 figure
Resistance 2: 96.41 August 20 high
Resistance 3: 97.00 current 2018 high
Support 1: 95.65 multi-month resistance (key level)
Support 2: 95.52 August 6 high
Support 3: 95.24 July 13 high
Support 4: 95.00 figure
Support 5: 94.91 July 27 high
Support 6: 94.43 August 28 swing low
Support 7: 93.81 September 21 swing low (key level)
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