US Dollar Index Technical Analysis: Remains bid and could test recent tops near 98.50


  • DXY is prolonging the weekly upside momentum above 98.00 the figure and recording at the same time new four-day peaks.
  • The next target on the upside remains at 98.50, last week’s high. A clear of this area on a sustainable fashion should pave the way for a potential visit to 2019 tops in levels just shy of 99.00 the figure.
  • In the meantime, while above the immediate support line – today at 97.83 – the rally should remain underpinned.

DXY daily chart

Dollar Index Spot

Overview
Today last price 98.28
Today Daily Change 16
Today Daily Change % 0.04
Today daily open 98.24
 
Trends
Daily SMA20 97.95
Daily SMA50 97.43
Daily SMA100 97.47
Daily SMA200 97.04
Levels
Previous Daily High 98.26
Previous Daily Low 98.01
Previous Weekly High 98.45
Previous Weekly Low 97.59
Previous Monthly High 98.68
Previous Monthly Low 96.28
Daily Fibonacci 38.2% 98.16
Daily Fibonacci 61.8% 98.11
Daily Pivot Point S1 98.08
Daily Pivot Point S2 97.92
Daily Pivot Point S3 97.83
Daily Pivot Point R1 98.33
Daily Pivot Point R2 98.42
Daily Pivot Point R3 98.58

 

 

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