US Dollar Index Technical Analysis: Further upside remains on the cards. Target still at 2019 highs

The greenback is adding to last week’s gains near the key 98.00 handle, leaving the door open for a potential test of 2019 highs around 98.30.
The interim hurdle emerges at 98.10 (May 3 high), considered the last defence for a visit to yearly highs.
The broader positive picture looks unchanged while above the key 200-day SMA at 96.35 and the +3-month support line at 96.46. This area of support is reinforced by a Fibo retracement of the 2017-2018 drop.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.98
Today Daily Change	10
Today Daily Change %	-0.04
Today daily open	98.02

Trends
Daily SMA20	97.67
Daily SMA50	97.23
Daily SMA100	96.77
Daily SMA200	96.39

Levels
Previous Daily High	98.03
Previous Daily Low	97.77
Previous Weekly High	98.03
Previous Weekly Low	97.03
Previous Monthly High	98.34
Previous Monthly Low	96.74
Daily Fibonacci 38.2%	97.93
Daily Fibonacci 61.8%	97.87
Daily Pivot Point S1	97.85
Daily Pivot Point S2	97.68
Daily Pivot Point S3	97.59
Daily Pivot Point R1	98.11
Daily Pivot Point R2	98.2
Daily Pivot Point R3	98.37

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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