US Dollar Index Technical Analysis: Greenback ending up the day virtually unchanged above the 100-day simple moving average

The US Dollar Index is trading in a bull trend on the daily chart as it is evolving above the 200-day simple moving average (SMA).
DXY is holding just above the 100-day simple moving average as the market tried to break below it earlier this Tuesday.
The RSI is below the 50 line, the MACD is turning bearish while the Stochastic indicator is pointing downwards. The context is suggesting that a continuation down towards 94.43 (August 28 swing low) can be likely on a break below the 100 SMA. However, a bullish break above 96.00 on a daily closing basis would invalidate the bearish bias.

Flavio Tosti Independent Analyst

DXY daily chart

Spot rate: 95.09
Relative change: 0.02%
High: 95.20
Low: 94.79

Trend: Bullish

Resistance 1: 95.24 July 13 high
Resistance 2: 95.52 August 6 high
Resistance 3: 95.65 July 19 high (key level)
Resistance 4: 96.00 figure
Resistance 5: 96.41 August 20 high
Resistance 6: 97.00 current 2018 high

Support 1: 95.00 figure
Support 2: 94.91 July 27 high
Support 3: 94.43 August 28 swing low
Support 4: 93.81 September 21 swing low (key level)

Author

Flavio Tosti

Independent Analyst

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