US Dollar Index technical analysis: DXY off daily lows, near 98.50 level

The Greenback is down this Tuesday as the market fell near the 98.42 support.
The level to beat for bulls is the 98.60 resistance level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is in an uptrend above its main daily simple moving averages (DSMAs). For most of September, the Greenback has been trading in a tight range.

DXY four-hour chart

DXY has retraced down near the 98.42 support. If the market breaks below this level, the triangle pattern will cease to be into effect and a drop to 98.20 could be on the cards.

DXY 30-minute chart

DXY is trading between the 100 and 200 SMAs, suggesting a retracement down in the short term. On the way up, a break of 98.60 can expose 98.85 resistance.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.52
Today Daily Change	-0.11
Today Daily Change %	-0.11
Today daily open	98.63

Trends
Daily SMA20	98.48
Daily SMA50	98.08
Daily SMA100	97.65
Daily SMA200	97.17

Levels
Previous Daily High	98.84
Previous Daily Low	98.45
Previous Weekly High	98.75
Previous Weekly Low	98.04
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.69
Daily Fibonacci 61.8%	98.6
Daily Pivot Point S1	98.44
Daily Pivot Point S2	98.25
Daily Pivot Point S3	98.05
Daily Pivot Point R1	98.83
Daily Pivot Point R2	99.03
Daily Pivot Point R3	99.22

Author

Flavio Tosti

Independent Analyst

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