US Dollar Index Technical Analysis: Immediate target on the upside sits at 97.50

The index has receded from recent tops in levels just shy of monthly highs beyond 97.50 (April 2).
Upside momentum in DXY looks firm and is now targeting the 97.50/55 band, considered the last defence for a potential test of yearly peaks in the 97.70 region.
Looking at the broader scenario, the positive stance in the buck is expected to persist as long as the critical 200-day SMA at 96.06 underpins.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.36
Today Daily Change	6
Today Daily Change %	-0.02
Today daily open	97.38

Trends
Daily SMA20	97.11
Daily SMA50	96.85
Daily SMA100	96.63
Daily SMA200	96.11

Levels
Previous Daily High	97.46
Previous Daily Low	97.33
Previous Weekly High	97.49
Previous Weekly Low	96.79
Previous Monthly High	97.71
Previous Monthly Low	95.74
Daily Fibonacci 38.2%	97.38
Daily Fibonacci 61.8%	97.41
Daily Pivot Point S1	97.32
Daily Pivot Point S2	97.26
Daily Pivot Point S3	97.19
Daily Pivot Point R1	97.45
Daily Pivot Point R2	97.52
Daily Pivot Point R3	97.58

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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