US Dollar Index Technical Analysis: DXY approaching critical resistance at the 98.50 level

DXY is grinding higher on the first day of the week.
The level to beat for buyers is the 98.50 price level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in an uptrend above the main daily simple moving averages (DMAs). This Monday, DXY is trading mixed hanging near the November highs. The market is nearing an important resistance at the 98.50 level.

DXY 4-hour chart

DXY is evolving above the main SMAs, suggesting a bullish bias in the medium term. If the buyers overcome the 98.50 level, the market is set to accelerate towards the 99.20 level and possibly to the 99.67 level (2019 high).

DXY 30-minute chart

The index is trading above the main SMAs, suggesting a bullish bias in the near term. Support is seen at the 98.20 and 98.00 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.3
Today Daily Change	0.05
Today Daily Change %	0.05
Today daily open	98.25

Trends
Daily SMA20	97.91
Daily SMA50	98.24
Daily SMA100	98.08
Daily SMA200	97.59

Levels
Previous Daily High	98.31
Previous Daily Low	97.82
Previous Weekly High	98.31
Previous Weekly Low	97.68
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	98.12
Daily Fibonacci 61.8%	98.01
Daily Pivot Point S1	97.94
Daily Pivot Point S2	97.64
Daily Pivot Point S3	97.45
Daily Pivot Point R1	98.43
Daily Pivot Point R2	98.62
Daily Pivot Point R3	98.92

Author

Flavio Tosti

Independent Analyst

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