US Dollar Index Technical Analysis: Greenback closing above 97.00 can lead to continuation up
- The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.
- DXY closed above the 97.00 level (former 2018 high) confirming the bullish strength. Technical indicators are pointing upwards indicating the bulls might get ready to reach 97.87 (June 20, 2017).
- On the flip side, a break below 97.00 on a daily closing basis could be a warning sign for bulls.
DXY daily chart
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Trend: Bullish
Resistance 1: 97.20 October 21 high
Resistance 2: 97.87 June 20, 2017
Resistance 3: 98.00 figure
Support 1: 97.00 former 2018 high
Support 2: 96.41 August 20 high
Support 3: 96.00 figure
Support 4: 95.65 multi-month resistance (key level)
Support 5: 95.52 August 6 high
Support 6: 95.24 July 13 high
Additional key levels at a glance:
Dollar Index Spot
Overview:
Last Price: 97.11
Daily change: 11 pips
Daily change: 0.113%
Daily Open: 97
Trends:
Daily SMA20: 95.86
Daily SMA50: 95.26
Daily SMA100: 95.12
Daily SMA200: 93.06
Levels:
Daily High: 97.02
Daily Low: 96.62
Weekly High: 96.86
Weekly Low: 95.47
Monthly High: 95.74
Monthly Low: 93.81
Daily Fibonacci 38.2%: 96.87
Daily Fibonacci 61.8%: 96.77
Daily Pivot Point S1: 96.74
Daily Pivot Point S2: 96.48
Daily Pivot Point S3: 96.34
Daily Pivot Point R1: 97.14
Daily Pivot Point R2: 97.28
Daily Pivot Point R3: 97.54