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US Dollar Index technical analysis: DXY retreating below the 98.38 resistance into the London close

  • DXY (US Dollar Index) retreated below the 98.38 resistance in the New York session.
  • Resistances on the way up could be located at 98.38, 98.68 and 98.93 (2019 high).
 

DXY daily chart

 
DXY (US Dollar Index) is in a bull trend above its main daily simple moving averages (DSMAs). 
 
 

DXY 4-hour chart

 
DXY is retreating below the 98.38 level as the market is retreating slightly. The market remains poised to appreciate towards 98.68 and potentially to 98.93 level (2019 high). 
 

DXY 30-minute chart

 
The Greenback is trading above an upward sloping 200 SMA, suggesting bullish momentum in the short term. Immediate support could be found near the 98.10, 97.95 and 97.85 levels.
 

Additional key levels

Dollar Index Spot

Overview
Today last price 98.25
Today Daily Change -0.13
Today Daily Change % -0.13
Today daily open 98.38
 
Trends
Daily SMA20 97.91
Daily SMA50 97.31
Daily SMA100 97.4
Daily SMA200 97
Levels
Previous Daily High 98.39
Previous Daily Low 98.13
Previous Weekly High 98.34
Previous Weekly Low 97.32
Previous Monthly High 98.68
Previous Monthly Low 96.28
Daily Fibonacci 38.2% 98.29
Daily Fibonacci 61.8% 98.23
Daily Pivot Point S1 98.21
Daily Pivot Point S2 98.04
Daily Pivot Point S3 97.95
Daily Pivot Point R1 98.47
Daily Pivot Point R2 98.56
Daily Pivot Point R3 98.73

 

 

 

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