US Dollar Index technical analysis: DXY gathers bullish momentum and reaches 97.55 resistance

DXY broke significantly higher on Friday reaching 97.55 resistance.
Bulls have regained control and seem to be en route towards the 2019 high at 98.37.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above its main daily simple moving averages (DSMA).

DXY 4-hour chart

DXY is trading above its main SMAs suggesting bullish strength. The market reached 97.55 resistance mentioned on Thursday.

DXY 30-minute chart

The greenback is above its main SMAs suggesting bullish momentum in the near term. The market may continue to rise towards 97.80 and 98.37 resistances. Support is at 97.30 and 97.00

Additional key levels

Dollar Index Spot

Overview
Today last price	97.54
Today Daily Change	0.50
Today Daily Change %	0.52
Today daily open	97.04

Trends
Daily SMA20	97.5
Daily SMA50	97.48
Daily SMA100	97.03
Daily SMA200	96.57

Levels
Previous Daily High	97.08
Previous Daily Low	96.87
Previous Weekly High	97.81
Previous Weekly Low	96.46
Previous Monthly High	98.38
Previous Monthly Low	97.03
Daily Fibonacci 38.2%	97
Daily Fibonacci 61.8%	96.95
Daily Pivot Point S1	96.91
Daily Pivot Point S2	96.79
Daily Pivot Point S3	96.7
Daily Pivot Point R1	97.12
Daily Pivot Point R2	97.21
Daily Pivot Point R3	97.33

Author

Flavio Tosti

Independent Analyst

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