US Dollar Index Technical Analysis: DXY rolling into Asia near multi-month’s highs

DXY daily chart

• The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
• DXY hit a new 2019 high at 97.78 during the North American session. 

DXY 4-hour chart

• There is currently no acceptance above the 97.70 key resistance.

DXY 30-minute chart

• The momentum is bullish however bulls will need a convincing breakout above 97.70 resistance. 
• Failure to retake that price level would see the current up move as a bullish overaction exposing 97.50/40 support to the downside.
• Alternatively, the bullish scenario would entail a break above 97.70 towards 98.00 resistances.

Additional key levels