US Dollar Index technical analysis: DXY advances to 6-day highs, challenging the 98.00 figure


  • DXY (US Dollar Index) rises to daily highs as the market break 97.85 resistance.
  • The next targets to the upside can be located at 98.10 and the 98.38 levels.
 

DXY daily chart

 
DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). 
 

DXY 4-hour chart

 
The market is challenging the 98.00 figure while trading above its main SMAs. DXY bulls want to drive the market towards 98.10 resistance. Next targets include 98.38, 98.68 and the 98.93 level. 
 

DXY 30-minute chart

 
The buying pressure is lifting the Greenback to daily highs. Immediate support could be found near 97.85 and 97.55.
 
 
 

Additional key levels

Dollar Index Spot

Overview
Today last price 97.97
Today Daily Change 0.14
Today Daily Change % 0.14
Today daily open 97.83
 
Trends
Daily SMA20 97.7
Daily SMA50 97.21
Daily SMA100 97.36
Daily SMA200 96.96
Levels
Previous Daily High 97.85
Previous Daily Low 97.32
Previous Weekly High 98.11
Previous Weekly Low 97.21
Previous Monthly High 98.68
Previous Monthly Low 96.28
Daily Fibonacci 38.2% 97.65
Daily Fibonacci 61.8% 97.52
Daily Pivot Point S1 97.48
Daily Pivot Point S2 97.14
Daily Pivot Point S3 96.95
Daily Pivot Point R1 98.01
Daily Pivot Point R2 98.2
Daily Pivot Point R3 98.54

 

 

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