US Dollar Index technical analysis: DXY recovers on Friday as bulls lift the matket above the 97.00 handle

DXY erased Thursday’s losses and regained the 97.00 handle.
The level to beat for bulls are at 97.30 and 97.55.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) rebouned near the 200-daily simple moving average (DSMA) as the market is trading above the 97.00 handle. The market is finding resistance near 97.15 where lie the 50 and 100 DSMAs.

DXY 4-hour chart

DXY is challenging the 90.15 resistance as it is trading above its main SMAs. 97.30 and the 97.55 resistances are the main hurdles to the upside.

DXY 30-minute chart

The market is trading above its main SMAs suggesting bullish momentum in the near term. Immediate support is seen at the 97.00 and 96.80 level.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.11
Today Daily Change	0.41
Today Daily Change %	0.42
Today daily open	96.7

Trends
Daily SMA20	96.78
Daily SMA50	97.2
Daily SMA100	97.17
Daily SMA200	96.81

Levels
Previous Daily High	97.27
Previous Daily Low	96.67
Previous Weekly High	97.59
Previous Weekly Low	96.79
Previous Monthly High	97.81
Previous Monthly Low	95.84
Daily Fibonacci 38.2%	96.9
Daily Fibonacci 61.8%	97.04
Daily Pivot Point S1	96.49
Daily Pivot Point S2	96.28
Daily Pivot Point S3	95.89
Daily Pivot Point R1	97.09
Daily Pivot Point R2	97.48
Daily Pivot Point R3	97.69

Author

Flavio Tosti

Independent Analyst

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