US Dollar Index Technical Analysis: DXY breaks to fresh weekly highs near 98.20 level

DXY broke above the 98.00 handle helped by better-than-expected US data.
The level to beat for bulls is the 98.20 and 98.40 price levels.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above the 100/200-day simple moving average (DMA). This Friday, the greenback is trading at fresh weekly highs.

DXY 4-hour chart

DXY broke above the 98.00 handle and reached the 98.20 resistance as expected. If the buyers keep the pressure on the next level of resistance is seen at the 98.40 level, near the November highs.

DXY 30-minute chart

The greenback is trading above the main SMAs, suggesting a bullish bias in the near term. Support is seen at the 98.00 and 97.70 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.19
Today Daily Change	0.20
Today Daily Change %	0.20
Today daily open	97.99

Trends
Daily SMA20	97.89
Daily SMA50	98.24
Daily SMA100	98.07
Daily SMA200	97.59

Levels
Previous Daily High	98.04
Previous Daily Low	97.73
Previous Weekly High	98.45
Previous Weekly Low	97.96
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	97.92
Daily Fibonacci 61.8%	97.85
Daily Pivot Point S1	97.8
Daily Pivot Point S2	97.61
Daily Pivot Point S3	97.49
Daily Pivot Point R1	98.11
Daily Pivot Point R2	98.23
Daily Pivot Point R3	98.42

Author

Flavio Tosti

Independent Analyst

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