US Dollar Index Price Analysis: Solid resistance emerges at 97.90

DXY has failed once again to advance beyond the 97.90 region.
Further north of this area aligns the key 200-day SMA at 98.34.

Pablo Piovano FXStreet

DXY remains locked within a consolidative mood with clear topside in the 97.90 region, where converge recent peaks and a Fibo level (of the 2017-2018 drop).

If A surpass of this resistance band should open the door to a potential move beyond 98.00 the figure and a test of the critical 200-day SMA, today at 98.35.

As long as the 200-day SMA, today at 98.35, caps the upside, further losses are still on the table for the dollar.

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.37
Today Daily Change	26
Today Daily Change %	-0.01
Today daily open	97.38

Trends
Daily SMA20	97.03
Daily SMA50	98.54
Daily SMA100	98.87
Daily SMA200	98.36

Levels
Previous Daily High	97.81
Previous Daily Low	97.23
Previous Weekly High	97.72
Previous Weekly Low	96.38
Previous Monthly High	98.24
Previous Monthly Low	95.72
Daily Fibonacci 38.2%	97.45
Daily Fibonacci 61.8%	97.59
Daily Pivot Point S1	97.13
Daily Pivot Point S2	96.89
Daily Pivot Point S3	96.56
Daily Pivot Point R1	97.71
Daily Pivot Point R2	98.05
Daily Pivot Point R3	98.29

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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