US Dollar Index technical analysis: DXY taking a breather on Monday, holding above the 98.00 handle

DXY is consolidating last week’s advance below the 50 DMA.
The level to beat for bulls is the 98.40 resistance level.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving average (DMAs). This Monday the Greenback is retracing down from the 98.40 level and the 50 DMA.

DXY 4-hour chart

DXY is consolidating the recent gains, trading above the 50 and 100 SMAs while coiling near the 200 SMA. The buyers will likely be looking for a break above the 98.40 resistance level to reach the 98.65 and the 99.26 resistances on the way up.

DXY 30-minute chart

DXY is trading below the 50 and 100 SMAs, suggesting a consolidation down in the short term. Support is seen at the 98.10, 97.80 and 97.50 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.19
Today Daily Change	-0.18
Today Daily Change %	-0.18
Today daily open	98.37

Trends
Daily SMA20	97.74
Daily SMA50	98.32
Daily SMA100	97.92
Daily SMA200	97.52

Levels
Previous Daily High	98.4
Previous Daily Low	98.1
Previous Weekly High	98.4
Previous Weekly Low	97.17
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	98.29
Daily Fibonacci 61.8%	98.21
Daily Pivot Point S1	98.18
Daily Pivot Point S2	97.99
Daily Pivot Point S3	97.88
Daily Pivot Point R1	98.48
Daily Pivot Point R2	98.59
Daily Pivot Point R3	98.78

Author

Flavio Tosti

Independent Analyst

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