US Dollar Index Technical Analysis: DXY hovering below the critical 98.50 resistance

DXY is turning slightly negative on the second day of the week.
The level to beat for buyers is the 98.50 price level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in an uptrend above its main daily simple moving averages (DMAs). This Tuesday, DXY lost some ground, trading in a tight range below a critical resistance at the 98.50 level.

DXY 4-hour chart

DXY is trading above its main SMAs on the four-hour chart, suggesting a bullish momentum in the medium term. If the bulls break above the 98.50 level, the market could appreciate towards the 99.20 level and possibly to the 99.67 level (2019 high).

DXY 30-minute chart

The index is pulling back towards the 98.20 level while trading above an upward sloping 200 SMA. Further down, support is seen at the 98.00 handle.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.26
Today Daily Change	-0.03
Today Daily Change %	-0.03
Today daily open	98.29

Trends
Daily SMA20	97.94
Daily SMA50	98.23
Daily SMA100	98.09
Daily SMA200	97.6

Levels
Previous Daily High	98.38
Previous Daily Low	98.17
Previous Weekly High	98.31
Previous Weekly Low	97.68
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	98.3
Daily Fibonacci 61.8%	98.25
Daily Pivot Point S1	98.18
Daily Pivot Point S2	98.07
Daily Pivot Point S3	97.97
Daily Pivot Point R1	98.39
Daily Pivot Point R2	98.49
Daily Pivot Point R3	98.6

Author

Flavio Tosti

Independent Analyst

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