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.

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 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

Author

Flavio Tosti

Independent Analyst

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