US Dollar Index Technical Analysis: DXY falls below 95.00 figure

  • The US Dollar Index (DXY) is having a deep pullback in the main bull trend. 
  • DXY broke below a bull trendline and the 50-day simple moving average suggesting that bears want to take control. 
  • However, the Index is still making higher highs and higher lows keeping the bull trend for the moment intact.

DXY daily chart

Spot rate:                94.70
Relative change:    -0.02%
High:                       94.70
Low:                        94.69

Trend:                     Bullish        


Resistance 1:         95.00 figure
Resistance 2:         95.24 July 13 high
Resistance 3:         95.52 August 6 high
Resistance 4:         96.00 figure
Resistance 5:         96.51 July 05, 2017 high

Support 1:            94.91 July 27 high 
Support 2:            94.61 August 2, low
Support 3:            94.49 August 1 low
Support 4:            94.08 July 26 swing low
Support 5:            93.71 July 9 swing low 
Support 6:            92.24 May 14 low

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