US Dollar Index Technical Analysis: Rising chances for another visit to 98.00 and above

The weekly upside in DXY remains well in place, although gains appear so far limited by the 97.70 region.
The greenback needs to surpass, initially, 98.10 (May 3 high) in order to get a chance to re-visit 2019 highs in the 98.30/35 band.
Furthermore, the positive outlook on the index should remain unchanged above the key 200-day SMA at 96.33 and the +3-month support line at 96.43.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.55
Today Daily Change	5
Today Daily Change %	-0.04
Today daily open	97.59

Trends
Daily SMA20	97.62
Daily SMA50	97.21
Daily SMA100	96.74
Daily SMA200	96.36

Levels
Previous Daily High	97.7
Previous Daily Low	97.44
Previous Weekly High	97.74
Previous Weekly Low	97.13
Previous Monthly High	98.34
Previous Monthly Low	96.74
Daily Fibonacci 38.2%	97.6
Daily Fibonacci 61.8%	97.54
Daily Pivot Point S1	97.45
Daily Pivot Point S2	97.32
Daily Pivot Point S3	97.19
Daily Pivot Point R1	97.71
Daily Pivot Point R2	97.84
Daily Pivot Point R3	97.97

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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