DXY Technical Analysis: upside stalled just ahead of the 95.00 handle. Hourly support aligns at 94.65.

The index is clinging to its daily gains, looking to extend the rally for the fourth consecutive session despite meeting a tough resistance in the 95.00 neighbourhood.
DXY left behind the critical hourly high at 94.45 and moved higher to the boundaries of the key barrier at the 95.00 handle.
Daily support comes in at the 94.65 area, coincident with the 21-day sma and the hourly low.

Pablo Piovano FXStreet

DXY 15M chart

Daily high: 94.94

Daily low: 94.65

Support Levels

S1: 94.65 hourly low July 12

S2: 93.91 55-day SMA

S3: 93.71 low July 9

Resistance Levels

R1: 94.95 hourly/weekly high July 12

R2: 95.20 200-week SMA

R3: 95.53 2018 high June 28

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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