US Dollar Index Price Analysis: DXY recovers after hitting lowest since July

DXY recovered from multi-month lows on Friday but it is still struggling below the 200 DMA.
Support is seen at the 97.00 and 96.70 levels.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) spiked down to its lowest since July and then recouped some of the lost ground. However, the index remains fragile while below the 200-day simple moving average (DMA).

DXY four-hour chart

Although the market is retracing up, DXY remains under bearish pressure below the 97.55 resistance and the main SMAs. Next week bears might try to have another chance at the 97.00 handle. Further down lie the 97.70 and 97.50 price levels.

DXY 30-minute chart

DXY bulls would need a breakout above the 97.55 resistance and the 200 SMA. Looking up, the next resistance probably lies near the 97.85 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.23
Today Daily Change	-0.05
Today Daily Change %	-0.05
Today daily open	97.28

Trends
Daily SMA20	97.86
Daily SMA50	97.96
Daily SMA100	98.15
Daily SMA200	97.68

Levels
Previous Daily High	97.52
Previous Daily Low	97.04
Previous Weekly High	98.38
Previous Weekly Low	97.36
Previous Monthly High	98.54
Previous Monthly Low	97.16
Daily Fibonacci 38.2%	97.34
Daily Fibonacci 61.8%	97.22
Daily Pivot Point S1	97.04
Daily Pivot Point S2	96.8
Daily Pivot Point S3	96.56
Daily Pivot Point R1	97.52
Daily Pivot Point R2	97.76
Daily Pivot Point R3	98

Author

Flavio Tosti

Independent Analyst

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