US Dollar Index Technical Analysis: Bulls unwilling to let go of the 97.00 key level

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 near the important support at 97.00 figure and the 100 SMA.

DXY 30-minute chart

• DXY is trading below its main SMAs suggesting a bearish bias in the short-term.
• However, bulls will need to overtake 97.00 key resistance. A break above the level can open the doors to 97.20 and 96.80.
• On the way down, 96.80 and 96.60 can offer support.

Additional key levels