US Dollar Index technical analysis: DXY off daily highs, remains flat on the day

DXY (US Dollar Index) remains confined in a tight range for the fourth consecutive day.
The levels to beat for bulls is at the 98.55 resistance level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is evolving in a bull trend above the main daily simple moving averages (DSMAs). The Greenback is in its fourth day of consolidation in the 98.10/98.55 zone.

DXY four-hour chart

The Greenback is challenging the 98.42 resistance and the 100 SMA. DXY buyers need to overcome the 98.55 resistance to generate a potential breakout towards the 98.68 and 98.94 price levels in the medium term.

DXY 30-minute chart

DXY stays in range as the market is trading above flattening 50 and 100 SMAs. Immediate support is seen at the 98.26 and 98.10 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.36
Today Daily Change	0.04
Today Daily Change %	0.04
Today daily open	98.32

Trends
Daily SMA20	98.3
Daily SMA50	97.8
Daily SMA100	97.58
Daily SMA200	97.11

Levels
Previous Daily High	98.51
Previous Daily Low	98.14
Previous Weekly High	99.38
Previous Weekly Low	98.08
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.28
Daily Fibonacci 61.8%	98.37
Daily Pivot Point S1	98.14
Daily Pivot Point S2	97.95
Daily Pivot Point S3	97.77
Daily Pivot Point R1	98.51
Daily Pivot Point R2	98.69
Daily Pivot Point R3	98.88

Author

Flavio Tosti

Independent Analyst

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