US Dollar Index Technical Analysis: DXY losing steam below the 98.00 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).
DXY is correcting down just below the 98.00 mark.

DXY 4-hour chart

The momentum is bullish as the index trades above its main SMAs, however, a break below 97.80 can lead to a correction to 97.60 and 97.26 if bears gather enough steam.

DXY 30-minute chart

As DXY is trading below its main SMAs the market can continue to weaken.
To the upside, resistances are seen at 97.95 and 98.10 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.85
Today Daily Change	-0.22
Today Daily Change %	-0.22
Today daily open	98.07

Trends
Daily SMA20	97.33
Daily SMA50	96.94
Daily SMA100	96.67
Daily SMA200	96.18

Levels
Previous Daily High	98.34
Previous Daily Low	97.84
Previous Weekly High	98.34
Previous Weekly Low	97.26
Previous Monthly High	97.71
Previous Monthly Low	95.74
Daily Fibonacci 38.2%	98.03
Daily Fibonacci 61.8%	98.15
Daily Pivot Point S1	97.83
Daily Pivot Point S2	97.58
Daily Pivot Point S3	97.33
Daily Pivot Point R1	98.33
Daily Pivot Point R2	98.58
Daily Pivot Point R3	98.83

Author

Flavio Tosti

Independent Analyst

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