US Dollar Index technical analysis: DXY ends the week within familiar ranges near the 97.55 level

After the recent drop at the start of August, DXY is stabilizing near the 97.55 level.
The level to beat for buyers are at the 97.80 level, followed by 98.10 and 98.38 resistances.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). DXY is attempting to find some support as the 10-year US bond yields are rebounding after falling sharply.

DXY 4-hour chart

DXY found support near the 96.55 level above the 200 SMA. The bulls need a clear break above the 97.80 resistance to reclaim the 98.10 level and the 50 SMA. Further up, buyers will look at the 98.36 resistance.

DXY 30-minute chart

The greenback has been consolidating its recent losses for the fourth consecutive day. However, a daily close below 97.15 could be seen as a potential bearish continuation towards the 97.00 figure.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.54
Today Daily Change	-0.12
Today Daily Change %	-0.12
Today daily open	97.66

Trends
Daily SMA20	97.61
Daily SMA50	97.2
Daily SMA100	97.34
Daily SMA200	96.95

Levels
Previous Daily High	97.74
Previous Daily Low	97.42
Previous Weekly High	98.94
Previous Weekly Low	97.9
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	97.62
Daily Fibonacci 61.8%	97.54
Daily Pivot Point S1	97.47
Daily Pivot Point S2	97.29
Daily Pivot Point S3	97.15
Daily Pivot Point R1	97.79
Daily Pivot Point R2	97.93
Daily Pivot Point R3	98.11

Author

Flavio Tosti

Independent Analyst

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