US Dollar Index Technical Analysis: DXY bulls regain some ground after Thursday’s selloff

• The US Dollar Index (DXY) is in a bull trend above the 200-day simple moving average. 
• DXY regained some of the ground lost on Thursday. Bulls would ideally need to recapture 97.20 (current 2018 high) in order to resume the bull trend.
• The RSI and Stochastic indicators are weakening suggesting bulls would need to break above 97.20 quickly if they do not want the bears to take over.

DXY daily chart

Trend:                     Bullish

Resistance 1:         97.20 current 2018 high
Resistance 2:         97.87 June 20, 2017
Resistance 3:         98.00 figure

Support 1:               97.00 former 2018 high
Support 2:               96.41 August 20 high
Support 3:               96.00 figure
Support 4:               95.65 multi-month resistance (key level)
Support 5:               95.52 August 6 high
Support 6:               95.24 July 13 high

Additional key levels at a glance:

Dollar Index Spot

Overview:
    Last Price: 96.5
    Daily change: 19 pips
    Daily change: 0.197%
    Daily Open: 96.31
Trends:
    Daily SMA20: 95.94
    Daily SMA50: 95.32
    Daily SMA100: 95.17
    Daily SMA200: 93.14
Levels:
    Daily High: 97.1
    Daily Low: 96.2
    Weekly High: 96.86
    Weekly Low: 95.47
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 96.54
    Daily Fibonacci 61.8%: 96.76
    Daily Pivot Point S1: 95.97
    Daily Pivot Point S2: 95.64
    Daily Pivot Point S3: 95.07
    Daily Pivot Point R1: 96.87
    Daily Pivot Point R2: 97.44
    Daily Pivot Point R3: 97.77