US Dollar Index technical analysis: DXY ends Monday at the 98.38 key resistance as bulls eye the 2019 high

DXY (US Dollar Index) accelerated to the 98.38 resistance at the end of the New York session.
The next potential bullish targets on the way up could be located at 98.68 and 98.93 (2019 high).

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is in a bull trend above its main daily simple moving averages (DSMAs). The Greenback has accelerated to the upside in the second part of the New York session this Monday.

DXY 4-hour chart

DXY bulls have a daily close just at the 98.38 key resistance. This could open the gates to further appreciation towards 98.68 and potentially to 98.93 level (2019 high).

DXY 30-minute chart

The Greenback is trading above its main SMAs, suggesting bullish momentum in the short term. Immediate support could be found near the 98.10, 97.95 and 97.85 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.38
Today Daily Change	0.18
Today Daily Change %	0.18
Today daily open	98.2

Trends
Daily SMA20	97.86
Daily SMA50	97.28
Daily SMA100	97.39
Daily SMA200	96.99

Levels
Previous Daily High	98.34
Previous Daily Low	98.11
Previous Weekly High	98.34
Previous Weekly Low	97.32
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	98.25
Daily Fibonacci 61.8%	98.2
Daily Pivot Point S1	98.09
Daily Pivot Point S2	97.99
Daily Pivot Point S3	97.86
Daily Pivot Point R1	98.32
Daily Pivot Point R2	98.45
Daily Pivot Point R3	98.55

Author

Flavio Tosti

Independent Analyst

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