US Dollar Index technical analysis: DXY climbing to three-week highs, trading above the 98.00 handle

DXY is breaking above the 98.00 handle in the New York session.
Resistance is seen at the 98.30 and 98.65 price levels.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above the 100 and 200 DMAs. This Thursday the Greenback is breaking above the 98.00 handle, trading now at its highest in 14 trading sessions.

DXY 4-hour chart

The Greenback is trading above its 50 and 100 SMAs after a double bottom formation. The break above the 98.00 resistance can lead to further gains towards the 98.30, 98.65 and the 99.26 resistance levels.

DXY 30-minute chart

DXY is trading above the main SMAs, suggesting a bullish bias in the short term. Support is seen at the 98.00, 97.80 and 97.65 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.09
Today Daily Change	0.13
Today Daily Change %	0.13
Today daily open	97.96

Trends
Daily SMA20	97.76
Daily SMA50	98.34
Daily SMA100	97.88
Daily SMA200	97.5

Levels
Previous Daily High	97.98
Previous Daily Low	97.78
Previous Weekly High	98
Previous Weekly Low	97.16
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	97.9
Daily Fibonacci 61.8%	97.86
Daily Pivot Point S1	97.83
Daily Pivot Point S2	97.71
Daily Pivot Point S3	97.63
Daily Pivot Point R1	98.03
Daily Pivot Point R2	98.11
Daily Pivot Point R3	98.23

Author

Flavio Tosti

Independent Analyst

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