US Dollar Index Technical Analysis: DXY hits the highest point since May 2017

DXY daily chart

• The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
• DXY is beaking multi-month’s resistance at 97.71 level.

DXY 4-hour chart

• The break above 98.00 the figure is significant as it opens the gates to further upside towards 98.50 and 99.00 level.
• To the downside, support is seen at 97.71 and 97.26. 

Additional key levels