US Dollar Index Technical Analysis: significant resistance emerges around 98.50

The index is prolonging the sideline theme in the upper bound of the weekly range, with gains clearly capped by the 98.50 region.
Further upside is seen testing the 99.00 neighbourhood ahead of 99.25 (October 8^th peak).
On the downside, a sustainable breach of the 55-day SMA in the 98.30 region should open the door for a move to the 100-day SMA at 97.97 ahead of a Fibo retracement of the 2017-2018 drop at 97.87.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.38
Today Daily Change	13
Today Daily Change %	0.04
Today daily open	98.34

Trends
Daily SMA20	97.74
Daily SMA50	98.29
Daily SMA100	97.99
Daily SMA200	97.56

Levels
Previous Daily High	98.45
Previous Daily Low	98.29
Previous Weekly High	98.4
Previous Weekly Low	97.17
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	98.39
Daily Fibonacci 61.8%	98.35
Daily Pivot Point S1	98.27
Daily Pivot Point S2	98.2
Daily Pivot Point S3	98.11
Daily Pivot Point R1	98.43
Daily Pivot Point R2	98.52
Daily Pivot Point R3	98.59

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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