US Dollar Index Technical Analysis: DXY bulls eager to break beyond the 96.00 barrier to run towards the 2018 high

• The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
• DXY bulls mission in October was to break 95.65 resistance but the 96.00 figure has now become the level to beat for buyers. Technical indicators remain constructive for more upside while the market is trading above all its main SMAs. 
• A break above 96.00 on a daily closing basis would expose the 2018 high at 97.00. Conversely, failure to break above 96.00 can lead to a pullback to 95.00 near the 100 SMA. 

DXY daily chart

Spot rate:                 95.95
Relative change:     -0.09%
High:                        96.16
Low:                         95.80

Trend:                     Bullish

Resistance 1:         96.00 figure
Resistance 2:         96.41 August 20 high
Resistance 3:         97.00 current 2018 high

Support 1:               95.65 multi-month resistance (key level)
Support 2:               95.52 August 6 high
Support 3:               95.24 July 13 high
Support 4:               95.00 figure
Support 5:               94.91 July 27 high 
Support 6:               94.43 August 28 swing low
Support 7:               93.81 September 21 swing low (key level)