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US Dollar Index technical analysis: DXY battling with the 97.80 resistance at July tops

  • DXY tried to break above 97.80 but is currently finding no clear acceptance above that level.
  • The levels to beat for bulls are seen at 97.80 and 98.38 (2019 high). 
 

DXY daily chart

 
The market is trading in a bull trend above the main daily simple moving averages (DSMAs) as well as the 97.55 support.

DXY 4-hour chart

 
DXY is challenging the 97.80 resistance level as it is trading above the main SMAs. A clear break above the level is needed for the market to reach the 2019 high near 98.38. Immediate support is seen at the 97.55 and 97.30 levels.
 
 
 

Additional key levels

Dollar Index Spot

Overview
Today last price 97.82
Today Daily Change 0.12
Today Daily Change % 0.12
Today daily open 97.7
 
Trends
Daily SMA20 97.04
Daily SMA50 97.2
Daily SMA100 97.2
Daily SMA200 96.86
Levels
Previous Daily High 97.82
Previous Daily Low 97.55
Previous Weekly High 97.45
Previous Weekly Low 96.67
Previous Monthly High 97.81
Previous Monthly Low 95.84
Daily Fibonacci 38.2% 97.72
Daily Fibonacci 61.8% 97.65
Daily Pivot Point S1 97.56
Daily Pivot Point S2 97.42
Daily Pivot Point S3 97.29
Daily Pivot Point R1 97.83
Daily Pivot Point R2 97.96
Daily Pivot Point R3 98.1

 

 

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