US Dollar Index technical analysis: DXY cling to daily highs, above 98.10 key level

DXY (US Dollar Index) is gaining steam as the market broke the 98.10 resistance.
The next target can be located near the 98.38 level, previous key level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is in a bull trend above its main daily simple moving averages (DSMAs).

DXY 4-hour chart

DXY broke above 98.10 key resistance opening the gates for a potential move up towards 98.36 (previous key level) on the way up.

DXY 30-minute chart

The Greenback is trading above the main SMAs, suggesting a bullish bias in the short term. Immediate support is seen at the 98.10 and 97.95 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.21
Today Daily Change	0.19
Today Daily Change %	0.19
Today daily open	98.02

Trends
Daily SMA20	97.97
Daily SMA50	97.41
Daily SMA100	97.46
Daily SMA200	97.03

Levels
Previous Daily High	98.05
Previous Daily Low	97.86
Previous Weekly High	98.45
Previous Weekly Low	97.59
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	97.93
Daily Fibonacci 61.8%	97.98
Daily Pivot Point S1	97.9
Daily Pivot Point S2	97.79
Daily Pivot Point S3	97.71
Daily Pivot Point R1	98.09
Daily Pivot Point R2	98.17
Daily Pivot Point R3	98.28

Author

Flavio Tosti

Independent Analyst

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