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US Dollar Index technical analysis: DXY remains under pressure below the 98.10 resistance

  • DXY (US Dollar Index) is recovering after the sharp Friday’s decline. 

  • The levels to beat for bears are at 97.95 and 97.85.

DXY daily chart

 
DXY (US Dollar Index) trading in a bull trend above the main daily simple moving averages (DSMAs). The market is consolidating the sharp drop seen last Friday.
 
 

DXY 4-hour chart

 
DXY remains under pressure below 98.10 and the 50 SMA. Bears will need to clear 97.95/85 and 97.70 support if they want to create a meaningful breakdown towards the 97.20 level.
 
 
 
 

DXY 30-minute chart

 
The Greenback is trading below a downward sloping 100/200 SMAs, suggesting bearish momentum in the short term. The main resistance to break for bulls is the 98.10 level.
 

Additional key levels

Dollar Index Spot

Overview
Today last price 97.95
Today Daily Change 0.28
Today Daily Change % 0.29
Today daily open 97.67
 
Trends
Daily SMA20 97.97
Daily SMA50 97.39
Daily SMA100 97.44
Daily SMA200 97.01
Levels
Previous Daily High 98.45
Previous Daily Low 97.59
Previous Weekly High 98.45
Previous Weekly Low 97.59
Previous Monthly High 98.68
Previous Monthly Low 96.28
Daily Fibonacci 38.2% 97.92
Daily Fibonacci 61.8% 98.12
Daily Pivot Point S1 97.36
Daily Pivot Point S2 97.04
Daily Pivot Point S3 96.5
Daily Pivot Point R1 98.22
Daily Pivot Point R2 98.76
Daily Pivot Point R3 99.08

 

 

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