US Dollar Index Technical Analysis: Another test of YTD highs is possible if 98.00 is cleared


  • DXY has managed to regain and briefly surpass the critical barrier at 98.00 the figure earlier today.
  • A convincing breakout of this key resistance should lift the Greenback further and allow for a test of 98.37 (May top) ahead of 2019 highs just below the 99.00 mark.
  • While above the short-term support line off June’s low (95.84), the upside momentum in the buck looks well sustained.

DXY daily chart

Dollar Index Spot

Overview
Today last price 97.88
Today Daily Change 16
Today Daily Change % -0.11
Today daily open 97.99
 
Trends
Daily SMA20 97.73
Daily SMA50 97.23
Daily SMA100 97.37
Daily SMA200 96.97
Levels
Previous Daily High 98.05
Previous Daily Low 97.66
Previous Weekly High 98.11
Previous Weekly Low 97.21
Previous Monthly High 98.68
Previous Monthly Low 96.28
Daily Fibonacci 38.2% 97.9
Daily Fibonacci 61.8% 97.81
Daily Pivot Point S1 97.75
Daily Pivot Point S2 97.51
Daily Pivot Point S3 97.36
Daily Pivot Point R1 98.14
Daily Pivot Point R2 98.29
Daily Pivot Point R3 98.53

 

 

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