US Dollar Index Technical Analysis: Next on the upside emerges 99.89, May 2017 high

DXY has gathered extra upside traction in response to the FOMC event on Wednesday.
As expected a positive surprise from Chief Powell motivated the greenback to pick up further pace and record fresh YTD peaks just below the key barrier at 99.00 the figure.
On the way up, the next relevant hurdle comes in at May 2017 high at 99.89 ahead of the psychological 100.00 handle. While above the critical 200-day SMA, today at 96.90, the positive bias is expected to persist.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.82
Today Daily Change	34
Today Daily Change %	0.25
Today daily open	98.57

Trends
Daily SMA20	97.42
Daily SMA50	97.21
Daily SMA100	97.25
Daily SMA200	96.91

Levels
Previous Daily High	98.68
Previous Daily Low	98.01
Previous Weekly High	98.09
Previous Weekly Low	97.13
Previous Monthly High	98.68
Previous Monthly Low	96.28
Daily Fibonacci 38.2%	98.42
Daily Fibonacci 61.8%	98.27
Daily Pivot Point S1	98.16
Daily Pivot Point S2	97.75
Daily Pivot Point S3	97.49
Daily Pivot Point R1	98.83
Daily Pivot Point R2	99.09
Daily Pivot Point R3	99.5

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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