US Dollar Index Technical Analysis: Correction from new 2019 highs seen at the 21-day SMA at 97.70

DXY clinched fresh YTD highs in the boundaries of the 98.40 region on Thursday before receding and close the day in the red territory.
Some consolidation is not ruled out in the near term, although the persistence of the selling bias should meet decent support around 97.70, where sits the 21-day SMA .
Further out, the constructive stance in the greenback should remain intact while above the key 200-day SMA at 96.41. This area of contention is reinforced by the short-term support line at 96.55.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.78
Today Daily Change	22
Today Daily Change %	-0.08
Today daily open	97.86

Trends
Daily SMA20	97.71
Daily SMA50	97.32
Daily SMA100	96.83
Daily SMA200	96.42

Levels
Previous Daily High	98.38
Previous Daily Low	97.8
Previous Weekly High	98.03
Previous Weekly Low	97.03
Previous Monthly High	98.34
Previous Monthly Low	96.74
Daily Fibonacci 38.2%	98.02
Daily Fibonacci 61.8%	98.16
Daily Pivot Point S1	97.65
Daily Pivot Point S2	97.43
Daily Pivot Point S3	97.07
Daily Pivot Point R1	98.23
Daily Pivot Point R2	98.59
Daily Pivot Point R3	98.81

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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