US Dollar Index Technical Analysis: 97.54 target hit as DXY bulls get near the 2018 high

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages.
DXY broke to the upside from the triangle pattern suggesting a potential extension to 97.70 (2018 high).
As forecast, DXY hit the 97.54 target.

DXY 4-hour chart

DXY is trading in a bull trend above its main SMAs.

DXY 30-minute chart

While the bull target is very close at 97.70 (2018 high) a correction down can see 97.20 and 96.90 as bear targets.

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 97.47
    Today Daily change: 26 pips
    Today Daily change %: 0.267%
    Today Daily Open: 97.21
Trends:
    Previous Daily SMA20: 96.88
    Previous Daily SMA50: 96.41
    Previous Daily SMA100: 95.74
    Previous Daily SMA200: 94.1
Levels:
    Previous Daily High: 97.24
    Previous Daily Low: 96.36
    Previous Weekly High: 97.21
    Previous Weekly Low: 96.37
    Previous Monthly High: 97.7
    Previous Monthly Low: 95.68
    Previous Daily Fibonacci 38.2%: 96.9
    Previous Daily Fibonacci 61.8%: 96.7
    Previous Daily Pivot Point S1: 96.63
    Previous Daily Pivot Point S2: 96.06
    Previous Daily Pivot Point S3: 95.75
    Previous Daily Pivot Point R1: 97.51
    Previous Daily Pivot Point R2: 97.82
    Previous Daily Pivot Point R3: 98.39

Author

Flavio Tosti

Independent Analyst

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