US Dollar Index Technical Analysis: The index recorded 2019 peaks and is now targets 97.70

The rally in the greenback is now taking a break in the 97.00 area after hitting fresh yearly tops in the 97.10/15 band on Monday.
The current constructive view on DXY allows for the up move to advance further, targeting 2018 highs around 97.70 recorded in mid-December.
The positive outlook on the buck remains underpinned by the 200-day SMA at 95.45 and is also reinforced by a Fibo retracement of the September-December rally at 95.30.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 97.04
    Today Daily change: 11 pips
    Today Daily change %: -0.02%
    Today Daily Open: 97.06
Trends:
    Daily SMA20: 96.12
    Daily SMA50: 96.4
    Daily SMA100: 96.27
    Daily SMA200: 95.43
Levels:
    Previous Daily High: 97.12
    Previous Daily Low: 96.62
    Previous Weekly High: 96.69
    Previous Weekly Low: 95.58
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 96.93
    Daily Fibonacci 61.8%: 96.81
    Daily Pivot Point S1: 96.75
    Daily Pivot Point S2: 96.43
    Daily Pivot Point S3: 96.25
    Daily Pivot Point R1: 97.25
    Daily Pivot Point R2: 97.43
    Daily Pivot Point R3: 97.75

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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