US Dollar Index technical analysis: DXY bulls en route to 97.74 price level

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).The index picked up some steam this Tuesday as the market is trading just above the 97.50 level.

DXY 4-hour chart

The market regained the 200 SMA and is now challenging the 50 SMA at 97.51. There is room for a move up to 97.74 and potentially to 98.10 resistances.

DXY 30-minute chart

Bulls created a new leg up after the v-shaped reversal seen on Monday. The market is trading above its main SMAs suggesting bullish momentum in the short term. A break above 97.55 resistance can lead to 97.74 price level to the upside. Support is at 97.40/30 and 97.05 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.53
Today Daily Change	0.15
Today Daily Change %	0.15
Today daily open	97.38

Trends
Daily SMA20	97.57
Daily SMA50	97.18
Daily SMA100	96.72
Daily SMA200	96.34

Levels
Previous Daily High	97.38
Previous Daily Low	97.03
Previous Weekly High	97.74
Previous Weekly Low	97.13
Previous Monthly High	98.34
Previous Monthly Low	96.74
Daily Fibonacci 38.2%	97.25
Daily Fibonacci 61.8%	97.16
Daily Pivot Point S1	97.15
Daily Pivot Point S2	96.91
Daily Pivot Point S3	96.8
Daily Pivot Point R1	97.5
Daily Pivot Point R2	97.61
Daily Pivot Point R3	97.85

Author

Flavio Tosti

Independent Analyst

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