US Dollar Index technical analysis: DXY challenging the 98.40 resistance

DXY is trading off the daily highs after testing the 98.40 resistance.
The level to beat for bulls is the 98.40 resistance level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in an uptrend above its main daily simple moving averages (DMAs). This Tuesday the Greenback is holding above the 98.20 level and the 50 DMA.

DXY 4-hour chart

DXY is challenging the 98.40 resistance while trading above its main SMAs. The market is likely looking for a break above the 98.40 resistance level to travel towards the 98.65 and the 99.26 resistances on the way up.

DXY 30-minute chart

DXY is trading above its main SMAs, suggesting bullish momentum in the short term. Support is seen at the 98.20/10 support zone followed by the 98.00 handle. Further down lie the 97.80 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.34
Today Daily Change	0.13
Today Daily Change %	0.13
Today daily open	98.21

Trends
Daily SMA20	97.72
Daily SMA50	98.3
Daily SMA100	97.94
Daily SMA200	97.53

Levels
Previous Daily High	98.38
Previous Daily Low	98.13
Previous Weekly High	98.4
Previous Weekly Low	97.17
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	98.23
Daily Fibonacci 61.8%	98.28
Daily Pivot Point S1	98.1
Daily Pivot Point S2	97.99
Daily Pivot Point S3	97.85
Daily Pivot Point R1	98.35
Daily Pivot Point R2	98.49
Daily Pivot Point R3	98.6

Author

Flavio Tosti

Independent Analyst

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