US Dollar Index technical analysis: DXY ends the day near the daily high, sub-98.10 resistance

DXY (US Dollar Index) is about to end the day marginally higher this Tuesday.
The level to beat for buyers is the 98.10 key resistance.

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 market is about to close near its daily high.

DXY 4-hour chart

DXY is about to end Tuesday near a critical resistance at the 98.10 level. It is unclear if the current move up is only a correction of last Friday’s drop. However, a sustained break above 98.10 could see 98.38 revisited on the way up.

DXY 30-minute chart

The Greenback is trading below a downward sloping 200 SMAs and the key 98.10 resistance, suggesting a neutral to bearish bias in the short term. However, sellers would need to recapture 97.95/85 and 97.70 support if they want to create a meaningful move towards the 97.20 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.02
Today Daily Change	-0.03
Today Daily Change %	-0.03
Today daily open	98.05

Trends
Daily SMA20	97.97
Daily SMA50	97.4
Daily SMA100	97.45
Daily SMA200	97.02

Levels
Previous Daily High	98.09
Previous Daily Low	97.62
Previous Weekly High	98.45
Previous Weekly Low	97.59
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	97.91
Daily Fibonacci 61.8%	97.8
Daily Pivot Point S1	97.75
Daily Pivot Point S2	97.45
Daily Pivot Point S3	97.28
Daily Pivot Point R1	98.22
Daily Pivot Point R2	98.39
Daily Pivot Point R3	98.69

Author

Flavio Tosti

Independent Analyst

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