US Dollar Index technical analysis: DXY continues its adance to three-week highs into Friday

DXY is up for the fifth consecutive day and closed Friday above the 98.30 level and the 50 DMA.
Resistances are located at the 98.65 and 99.26 price levels.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in an uptrend above its main daily simple moving average (DMAs). This Friday the Greenback broke above the 98.30 level and the 50 DMA, trading at its highest in 18 trading sessions.

DXY 4-hour chart

DXY is trading above its main SMAs after bouncing from the double bottom at the start of November. The market ended Friday above the 98.30 level opening the doors to the 98.65 and the 99.26 resistances on the way up.

DXY 30-minute chart

DXY is trading above the main SMAs, suggesting bullish momentum in the short term. Support is seen at the 98.30, 98.00 and 97.80 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.37
Today Daily Change	0.24
Today Daily Change %	0.24
Today daily open	98.13

Trends
Daily SMA20	97.73
Daily SMA50	98.33
Daily SMA100	97.9
Daily SMA200	97.51

Levels
Previous Daily High	98.23
Previous Daily Low	97.82
Previous Weekly High	98
Previous Weekly Low	97.16
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	98.07
Daily Fibonacci 61.8%	97.98
Daily Pivot Point S1	97.89
Daily Pivot Point S2	97.65
Daily Pivot Point S3	97.48
Daily Pivot Point R1	98.3
Daily Pivot Point R2	98.47
Daily Pivot Point R3	98.71

Author

Flavio Tosti

Independent Analyst

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