US Dollar Index Technical Analysis: Rebounds from the support line at 98.00

The index has managed to regain attention and retake the 98.40 area after bottoming out in the 98.00 neighbourhood last Friday.
While above the support line, today at 98.02, the near term bullish bias should remain in place, leaving the door open for a potential visit to YTD highs near 99.40 (September 3).
If the selling bias resumes, initial contention emerges in the 98.00 area ahead of the Fibo retracement at 97.87. Further south aligns the 55-day and 100-day SMAs at 97.62 and 97.55, respectively.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.33
Today Daily Change	21
Today Daily Change %	-0.09
Today daily open	98.42

Trends
Daily SMA20	98.26
Daily SMA50	97.77
Daily SMA100	97.57
Daily SMA200	97.1

Levels
Previous Daily High	98.52
Previous Daily Low	98.18
Previous Weekly High	99.38
Previous Weekly Low	98.08
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.39
Daily Fibonacci 61.8%	98.31
Daily Pivot Point S1	98.23
Daily Pivot Point S2	98.03
Daily Pivot Point S3	97.89
Daily Pivot Point R1	98.57
Daily Pivot Point R2	98.71
Daily Pivot Point R3	98.91

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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