US Dollar Index Technical Analysis: NFP disappoints USD bulls as DXY closes near 95.65 key level

The US Dollar Index (DXY) is trading in a bull trend above its 50, 100 and 200-period simple moving averages. The Nonfarm Payrolls for September disappointed the market with only 134K vs 185K expected by analysts; and USD retreated (slightly).
DXY is about to close Friday near 95.65 (July 19 high) which has been a key resistance in the last months of trading. Under this level, DXY is likely to enter a consolidation phase.
Levels of support can be seen near 95.52 (August 6 high), 95.24 (July 13 high) and 95.00 figure.

Flavio Tosti Independent Analyst

DXY daily chart

Spot rate: 95.65
Relative change: -0.12%
High: 95.95
Low: 95.52

Trend: Bullish

Resistance 1: 95.65 July 19 high
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

Author

Flavio Tosti

Independent Analyst

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