US Dollar Index Technical Analysis: The Greenback meets resistance near 97.90

  • The recovery in the index met a tough hurdle near 97.90, where aligns a Fibo retracement of the 2017-2018 decline.
  • DXY has regained the constructive outlook after clearing the key 200-day SMA last week, today at 97.41.
  • That said, the next target is now at the 55-day SMA at 98.35 ahead of 99.25 (October 8th).

DXY daily chart

Dollar Index Spot

Today last price 97.76
Today Daily Change 15
Today Daily Change % -0.07
Today daily open 97.83
Daily SMA20 98.35
Daily SMA50 98.42
Daily SMA100 97.85
Daily SMA200 97.43
Previous Daily High 97.9
Previous Daily Low 97.57
Previous Weekly High 97.9
Previous Weekly Low 97.15
Previous Monthly High 99.46
Previous Monthly Low 97.99
Daily Fibonacci 38.2% 97.77
Daily Fibonacci 61.8% 97.7
Daily Pivot Point S1 97.63
Daily Pivot Point S2 97.44
Daily Pivot Point S3 97.3
Daily Pivot Point R1 97.96
Daily Pivot Point R2 98.1
Daily Pivot Point R3 98.29



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD extends losses toward 1.1250 amid coronavirus concerns

EUR/USD is trading closer to 1.1250 as concerns about US coronavirus cases are growing. Eurozone finance ministers are meeting ahead of next week's summit.  US PPI and updated COVID-19 statistics are awaited.


GBP/USD pressured under 1.26 amid risk-off mood, Brexit uncertainty

GBP/USD is trading below 1.26, off the highs. Rising US coronavirus cases are pushing markets lower and the safe-haven dollar higher. Concerns about Brexit and the UK refusal to participate in the EU coronavirus vaccine scheme are weighing on sterling. 


Gold: Well-defined battle lines point to range play around $1800

Gold nurses losses around the $1800 following Thursday’s good two-way businesses. The risk-off theme amid COVID-19 concerns continues to bode well for the US dollar. 

Gold News

Canada Net Change in Employment June Preview: June is looking better and better

Job gains expected to more than double in June. Unemployment rate to drop to 12% from 13.7 in May. Ivey PMI was twice its forecast in June, highest since Nov 2019. USD/CAD would benefit from better June job figures.

Read more

WTI extends Thursday’s drop as virus cases rise

Oil extends overnight sell-off as virus concerns dominate the market sentiment. The resurgence of virus cases in the US has fueled lockdown fears. The US on Thursday registered 65,551 new cases, a record for a 24-hour period.

Oil News