US Dollar Index Technical Analysis: Initial resistance comes at/above the 97.00 handle

DXY has managed to regain some shine and clinch the upper end of the weekly range near the 97.00 handle, although a break above this level on a sustainable way is needed to aim for higher ground.
On the downside, the mid-96.00s is expected to hold the downside. In this zone converge the key 200-day SMA and the multi-month support line.
Beyond 97.00, extra hurdles are seen at last week’s tops near 97.40 ahead of the 55-day SMA at 97.42.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	96.93
Today Daily Change	12
Today Daily Change %	-0.07
Today daily open	97

Trends
Daily SMA20	97.54
Daily SMA50	97.48
Daily SMA100	97.03
Daily SMA200	96.56

Levels
Previous Daily High	97.02
Previous Daily Low	96.58
Previous Weekly High	97.81
Previous Weekly Low	96.46
Previous Monthly High	98.38
Previous Monthly Low	97.03
Daily Fibonacci 38.2%	96.85
Daily Fibonacci 61.8%	96.75
Daily Pivot Point S1	96.71
Daily Pivot Point S2	96.43
Daily Pivot Point S3	96.27
Daily Pivot Point R1	97.15
Daily Pivot Point R2	97.31
Daily Pivot Point R3	97.59

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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