US Dollar Index technical analysis: DXY about to close at its lowest in 3 weeks

DXY (US Dollar Index) is about to close at its lowest since July 22.
The market is in a tight trading range just above its 50 DSMA.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). DXY keeps the consolidation theme unchanged. However, the market is about to close at its lowest since July 22.

DXY 4-hour chart

DXY found support near the 96.30 level above the 200 SMA. However, the buyers will need a clear break above the 97.80 resistance to target the 98.10 level and the 50 SMA. Further up, bulls will look at the 98.36 resistance.

DXY 30-minute chart

The greenback is under pressure below its main SMAs. Immediate support is at 97.30. However, a daily close below 97.15 could be seen as a potential bearish continuation towards the 97.00 figure.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.44
Today Daily Change	-0.14
Today Daily Change %	-0.14
Today daily open	97.58

Trends
Daily SMA20	97.65
Daily SMA50	97.2
Daily SMA100	97.34
Daily SMA200	96.95

Levels
Previous Daily High	97.66
Previous Daily Low	97.36
Previous Weekly High	98.11
Previous Weekly Low	97.21
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	97.47
Daily Fibonacci 61.8%	97.55
Daily Pivot Point S1	97.41
Daily Pivot Point S2	97.23
Daily Pivot Point S3	97.11
Daily Pivot Point R1	97.71
Daily Pivot Point R2	97.83
Daily Pivot Point R3	98.01

Author

Flavio Tosti

Independent Analyst

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