US Dollar Index technical analysis: DXY sidelined above 98.10 support level

DXY (US Dollar Index) stays confined in a tight range for the third consecutive day.
The levels to beat for bulls is at the 98.42/55 resistance zone.

Flavio Tosti Independent Analyst

DXY daily chart

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

DXY four-hour chart

The Greenback is holding above the 98.10 support and the 200 SMA. DXY buyers need to overcome the 92.42/98.55 resistance zone to resume the bull trend towards the 98.68 and 98.94 price levels in the medium term.

DXY 30-minute chart

DXY is trading below the main SMAs, suggesting bearish momentum in the near term. Immediate support is seen at the 98.10 level followed by 97.90 on the way down.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.3
Today Daily Change	-0.12
Today Daily Change %	-0.12
Today daily open	98.42

Trends
Daily SMA20	98.26
Daily SMA50	97.77
Daily SMA100	97.57
Daily SMA200	97.1

Levels
Previous Daily High	98.52
Previous Daily Low	98.18
Previous Weekly High	99.38
Previous Weekly Low	98.08
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.39
Daily Fibonacci 61.8%	98.31
Daily Pivot Point S1	98.23
Daily Pivot Point S2	98.03
Daily Pivot Point S3	97.89
Daily Pivot Point R1	98.57
Daily Pivot Point R2	98.71
Daily Pivot Point R3	98.91

Author

Flavio Tosti

Independent Analyst

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