US Dollar Index Technical Analysis: Greenback bulls have a hard time to break above 95.65 key level
|- The US Dollar Index (DXY) is trading in a bull trend as the market is above the 50, 100 and 200-period simple moving averages.
- DXY is set to close on its low as the first day of the week comes to an end. The market is currently having troubles to continue the rally above 95.65 key level.
- In the absence of a strong breakout above 95.65, DXY is seen going sideways to down in the coming sessions with supports near 95.24 (July 13 high) and 94.91 (July 27 high).
DXY daily chart
Spot rate: 95.74
Relative change: 0.10%
High: 96.03
Low: 95.60
Trend: Bullish
Resistance 1: 95.65 July 19 high (key level)
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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