US Dollar Index technical analysis: DXY battling with the 97.80 resistance at July tops

DXY tried to break above 97.80 but is currently finding no clear acceptance above that level.
The levels to beat for bulls are seen at 97.80 and 98.38 (2019 high).

Flavio Tosti Independent Analyst

DXY daily chart

The market is trading in a bull trend above the main daily simple moving averages (DSMAs) as well as the 97.55 support.

DXY 4-hour chart

DXY is challenging the 97.80 resistance level as it is trading above the main SMAs. A clear break above the level is needed for the market to reach the 2019 high near 98.38. Immediate support is seen at the 97.55 and 97.30 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.82
Today Daily Change	0.12
Today Daily Change %	0.12
Today daily open	97.7

Trends
Daily SMA20	97.04
Daily SMA50	97.2
Daily SMA100	97.2
Daily SMA200	96.86

Levels
Previous Daily High	97.82
Previous Daily Low	97.55
Previous Weekly High	97.45
Previous Weekly Low	96.67
Previous Monthly High	97.81
Previous Monthly Low	95.84
Daily Fibonacci 38.2%	97.72
Daily Fibonacci 61.8%	97.65
Daily Pivot Point S1	97.56
Daily Pivot Point S2	97.42
Daily Pivot Point S3	97.29
Daily Pivot Point R1	97.83
Daily Pivot Point R2	97.96
Daily Pivot Point R3	98.1

Author

Flavio Tosti

Independent Analyst

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