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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