US Dollar Index technical analysis: DXY under pressure near one-week lows

DXY is under bearish pressure trading at one-week lows.
A break below 98.63 key support could lead to further losses.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above the main daily simple moving averages (DSMAs). Earlier in the New York session, the US Core Consumer Price Index (CPI) matched analysts’ expectations at 2.4% YoY.

DXY four-hour chart

DXY is trading at one-week lows, challenging the 96.64 support and the 200 SMA on the four-hour chart. If the market hold above this level DXY is set to remain with the current October range.

DXY 30-minute chart

DXY is trading below the main SMAs, suggesting bearish momentum in the near term. Resistances are seen at the 98.85 and 99.00 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	98.68
Today Daily Change	-0.45
Today Daily Change %	-0.45
Today daily open	99.13

Trends
Daily SMA20	98.79
Daily SMA50	98.41
Daily SMA100	97.81
Daily SMA200	97.31

Levels
Previous Daily High	99.16
Previous Daily Low	98.89
Previous Weekly High	99.67
Previous Weekly Low	98.63
Previous Monthly High	99.46
Previous Monthly Low	97.99
Daily Fibonacci 38.2%	99.06
Daily Fibonacci 61.8%	98.99
Daily Pivot Point S1	98.96
Daily Pivot Point S2	98.79
Daily Pivot Point S3	98.69
Daily Pivot Point R1	99.23
Daily Pivot Point R2	99.33
Daily Pivot Point R3	99.5

Author

Flavio Tosti

Independent Analyst

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