US Dollar Index Technical Analysis: Still rangebound, further gains expected above 98.50

DXY continues to trade within the prevailing sideline theme.
Extra upside is seen once 98.50 is cleared in a sustainable fashion.

Pablo Piovano FXStreet

DXY has been rejected from the key resistance area near 98.50 during the last week.

A breakout of this key hurdle should expose the 99.00 neighbourhood ahead of 99.25 (high October 8^th).

Looking at the broader picture, the constructive outlook on the buck is seen unchanged as long as the key 200-day SMA in the 97.60 region underpins.

Dollar Index Spot

Overview
Today last price	98.33
Today Daily Change	9
Today Daily Change %	0.05
Today daily open	98.28

Trends
Daily SMA20	98.12
Daily SMA50	98.22
Daily SMA100	98.13
Daily SMA200	97.64

Levels
Previous Daily High	98.54
Previous Daily Low	98.22
Previous Weekly High	98.54
Previous Weekly Low	98.17
Previous Monthly High	98.54
Previous Monthly Low	97.16
Daily Fibonacci 38.2%	98.34
Daily Fibonacci 61.8%	98.42
Daily Pivot Point S1	98.15
Daily Pivot Point S2	98.03
Daily Pivot Point S3	97.83
Daily Pivot Point R1	98.47
Daily Pivot Point R2	98.67
Daily Pivot Point R3	98.79

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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