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US Dollar Index Technical Analysis: Greenback climbing above 97.00 handle

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).

DXY 4-hour chart

  • DXY is trading above its main SMAs suggesting bullish momentum.

DXY 30-minute chart

  • DXY is trading above its main SMAs suggesting a bullish bias in the short-term.
  • A break above 97.60 resistance should lead to 97.50 and 97.70 if bulls have enough fuel.
  • Support is at 97.10 and 96.90 level.

Additional key levels

 

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