US Dollar Index Technical Analysis: Greenback bulls finally decided to show up as DXY hits 97.50 level

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its 200-day simple moving average (SMA).
As discussed yesterday, DXY had another leg up above 97.00 the figure.

DXY 4-hour chart

DXY is finding resistance at 97.50 level.

DXY 30-minute chart

Bulls would need to overcome 97.50/60 resistance if they want to revist the 2019 high at 97.70.
Next week, bears will most likely be driving DXY to 97.20 and 97.00 key support.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.46
Today Daily Change	0.44
Today Daily Change %	0.45
Today daily open	97.02

Trends
Daily SMA20	97.02
Daily SMA50	96.82
Daily SMA100	96.61
Daily SMA200	96.08

Levels
Previous Daily High	97.12
Previous Daily Low	96.82
Previous Weekly High	97.38
Previous Weekly Low	96.74
Previous Monthly High	97.71
Previous Monthly Low	95.74
Daily Fibonacci 38.2%	96.93
Daily Fibonacci 61.8%	97.01
Daily Pivot Point S1	96.85
Daily Pivot Point S2	96.69
Daily Pivot Point S3	96.55
Daily Pivot Point R1	97.15
Daily Pivot Point R2	97.29
Daily Pivot Point R3	97.45

Author

Flavio Tosti

Independent Analyst

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