US Dollar Index technical analysis: DXY retreating below the 98.38 resistance into the London close

DXY (US Dollar Index) retreated below the 98.38 resistance in the New York session.
Resistances on the way up could be located at 98.38, 98.68 and 98.93 (2019 high).

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is in a bull trend above its main daily simple moving averages (DSMAs).

DXY 4-hour chart

DXY is retreating below the 98.38 level as the market is retreating slightly. The market remains poised to appreciate towards 98.68 and potentially to 98.93 level (2019 high).

DXY 30-minute chart

The Greenback is trading above an upward sloping 200 SMA, suggesting bullish momentum in the short term. Immediate support could be found near the 98.10, 97.95 and 97.85 levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.25
Today Daily Change	-0.13
Today Daily Change %	-0.13
Today daily open	98.38

Trends
Daily SMA20	97.91
Daily SMA50	97.31
Daily SMA100	97.4
Daily SMA200	97

Levels
Previous Daily High	98.39
Previous Daily Low	98.13
Previous Weekly High	98.34
Previous Weekly Low	97.32
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	98.29
Daily Fibonacci 61.8%	98.23
Daily Pivot Point S1	98.21
Daily Pivot Point S2	98.04
Daily Pivot Point S3	97.95
Daily Pivot Point R1	98.47
Daily Pivot Point R2	98.56
Daily Pivot Point R3	98.73

Author

Flavio Tosti

Independent Analyst

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