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US Dollar Index technical analysis: DXY trading near daily lows below the 98.30 level

  • DXY (US Dollar Index) is starting the week on the back foot.
  • The level to beat for bulls is at the 98.42 and 98.68 resistance levels.
 

DXY daily chart

 
DXY (US Dollar Index) is trading in a bull trend above its main daily simple moving averages (DSMAs). DXY is consolidating its recent losses for the third day in a row.

DXY four-hour chart

 
The Greenback is trading above the 98.10 support and the 200 SMAs. DXY bulls need to overcome the 92.42 resistance to regain the 98.68 price level in the medium term.
 

DXY 30-minute chart

 
DXY is trading below the main SMAs, suggesting bearish momentum in the near term. If the market breaks below 98.10 support, then the 97.90 level could come into play. 

Additional key levels

Dollar Index Spot

Overview
Today last price98.21
Today Daily Change-0.21
Today Daily Change %-0.21
Today daily open98.42
 
Trends
Daily SMA2098.26
Daily SMA5097.77
Daily SMA10097.57
Daily SMA20097.1
Levels
Previous Daily High98.52
Previous Daily Low98.18
Previous Weekly High99.38
Previous Weekly Low98.08
Previous Monthly High99.02
Previous Monthly Low97.21
Daily Fibonacci 38.2%98.39
Daily Fibonacci 61.8%98.31
Daily Pivot Point S198.23
Daily Pivot Point S298.03
Daily Pivot Point S397.89
Daily Pivot Point R198.57
Daily Pivot Point R298.71
Daily Pivot Point R398.91

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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