US Dollar Index technical analysis: DXY holds onto gains near 4-day highs

DXY (US Dollar Index) ends Wednesday above the 98.55 level.
The level to beat for bulls is at the 98.68 resistance level.

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). The Greenback is rising as the 10-year US Bond Yields are trading at 3-week’s high.

DXY four-hour chart

The US Dollar Index broke from its 4-day range and reached the 98.68 resistance level this Thursday. DXY bulls will be looking to extend the up move towards 98.94 resistance level as the market trades above its main SMAs. Further up lies the 99.28 resistance near the 2019 high.

DXY 30-minute chart

DXY is trading off the daily highs while above its main SMAs, suggesting bullish momentum in the near term. Immediate support is seen at the 98.55 and 98.42 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.64
Today Daily Change	0.27
Today Daily Change %	0.27
Today daily open	98.37

Trends
Daily SMA20	98.33
Daily SMA50	97.83
Daily SMA100	97.59
Daily SMA200	97.11

Levels
Previous Daily High	98.47
Previous Daily Low	98.26
Previous Weekly High	99.38
Previous Weekly Low	98.08
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.39
Daily Fibonacci 61.8%	98.34
Daily Pivot Point S1	98.26
Daily Pivot Point S2	98.16
Daily Pivot Point S3	98.05
Daily Pivot Point R1	98.47
Daily Pivot Point R2	98.58
Daily Pivot Point R3	98.68

Author

Flavio Tosti

Independent Analyst

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