US Dollar Index Technical Analysis: A new visit to YTD highs around 98.30 is closer

The index manages to leave behind yesterday’s pullback and has now reclaimed the key 98.00 handle and above, resuming the underlying bullish move.
Next on the upside appear 2019 peaks beyond 98.30. A breakout of this area on a convincing fashion should open the door for a test of the Fibo retracement at levels just below 99.00 the figure.
The broader constructive ooutlook is expected to prevail above key 200-day SMA at 96.37 and the +3-month support line at 96.46. This area of support is reinforced by a Fibo retracement of the 2017-2018 drop at 96.36.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.08
Today Daily Change	20
Today Daily Change %	0.13
Today daily open	97.95

Trends
Daily SMA20	97.7
Daily SMA50	97.24
Daily SMA100	96.78
Daily SMA200	96.4

Levels
Previous Daily High	98.04
Previous Daily Low	97.88
Previous Weekly High	98.03
Previous Weekly Low	97.03
Previous Monthly High	98.34
Previous Monthly Low	96.74
Daily Fibonacci 38.2%	97.94
Daily Fibonacci 61.8%	97.98
Daily Pivot Point S1	97.87
Daily Pivot Point S2	97.8
Daily Pivot Point S3	97.71
Daily Pivot Point R1	98.03
Daily Pivot Point R2	98.12
Daily Pivot Point R3	98.19

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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