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

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

Today last price 97.57
Today Daily Change 0.03
Today Daily Change % 0.03
Today daily open 97.54
Daily SMA20 97.59
Daily SMA50 97.2
Daily SMA100 96.73
Daily SMA200 96.35
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



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