US Dollar Index technical analysis: DXY gaining some ground above the 97.50 mark

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs). The index reached 97.70 on Wednesday but gave back some of its gains on the back of comments from US President Trump. It has been reported that tariffs might be delayed on autos.

DXY 4-hour chart

The market is building its way up above the 50 and 200 SMAs. The 97.74 and 98.10 resistances remain potential targets to the upside.

DXY 30-minute chart

DXY is trading above its main SMAs suggesting bullish momentum in the near term. Buyers will try to break 97.74 to reach 97.90 and 98.10 to the upside. Support is seen at 97.74 and 97.30 price level.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.57
Today Daily Change	0.03
Today Daily Change %	0.03
Today daily open	97.54

Trends
Daily SMA20	97.59
Daily SMA50	97.2
Daily SMA100	96.73
Daily SMA200	96.35

Levels
Previous Daily High	97.56
Previous Daily Low	97.27
Previous Weekly High	97.74
Previous Weekly Low	97.13
Previous Monthly High	98.34
Previous Monthly Low	96.74
Daily Fibonacci 38.2%	97.45
Daily Fibonacci 61.8%	97.38
Daily Pivot Point S1	97.35
Daily Pivot Point S2	97.17
Daily Pivot Point S3	97.06
Daily Pivot Point R1	97.64
Daily Pivot Point R2	97.75
Daily Pivot Point R3	97.93

Author

Flavio Tosti

Independent Analyst

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