US Dollar Index technical analysis: DXY supported above 96.60 ends the day virtually unchanged

• DXY keeps a bullish bias above its 200 DSMA.
• The level to beat for bulls is at the 97.00 and 97.30 levels.

DXY daily chart

The US Dollar Index (DXY) is holding just above 96.60 support and the 200-day simple moving average (DSMA). Bulls would ideally need to surpass the 97.00 figure to get out of the woods.

DXY 4-hour chart

DXY keeps coiling around the 100 SMA. Buyers would need to break 97.00 resistance to potentially reach 97.30 to the upside.

DXY 30-minute chart

The market is currently bullish above its main SMAs. On the way down, support is seen at 96.60 and 96.36. A break below 96.36 on a daily basis could negate the bullish bias.

Additional key levels