US Dollar Index Technical Analysis: DXY lifted to 96.66 thanks to FOMC

  • The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average. 
  • Greenback bulls came back this Thursday boosted by the FOMC statement. Bulls next objective is to reach 97.20 current 2018 high. The RSI and Stochastic are above the 50 line suggesting potential continuation up. 
  • However, if bears break below 96.00 it can be a warning signal for bulls. 

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.00 former 2018 high
Resistance 2:         97.20 August 15 high
Resistance 3:         97.87 June 20, 2017
Resistance 4:         98.00 figure

Support 1:               96.41 August 20 high
Support 2:               96.00 figure
Support 3:               95.65 multi-month resistance (key level)
Support 4:               95.52 August 6 high
Support 5:               95.24 July 13 high

Additional key levels at a glance:

Dollar Index Spot

    Last Price: 96.66
    Daily change: 46 pips
    Daily change: 0.478%
    Daily Open: 96.2
    Daily SMA20: 96.08
    Daily SMA50: 95.44
    Daily SMA100: 95.22
    Daily SMA200: 93.28
    Daily High: 96.47
    Daily Low: 95.68
    Weekly High: 97.2
    Weekly Low: 95.99
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 95.98
    Daily Fibonacci 61.8%: 96.17
    Daily Pivot Point S1: 95.76
    Daily Pivot Point S2: 95.33
    Daily Pivot Point S3: 94.97
    Daily Pivot Point R1: 96.55
    Daily Pivot Point R2: 96.91
    Daily Pivot Point R3: 97.34


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.