US Dollar Index technical analysis: DXY gaining momentum as buyers eye the 70.00 handle

  • The US Dollar Index (DXY) is gaining some traction above its 200 DSMA.
  • Immediate resistances are at the 97.00 and 97.30 levels.

DXY daily chart


 
The US Dollar Index (DXY) is trading just above 96.74 resistance while trading above the 200-day simple moving average (DSMA), all-in-all suggesting a potential resumption of the bull trend. 


DXY 4-hour chart


 
DXY is supported near 96.74 and the 100 SMA. As the buyers are gaining some ground the next resistance to the upside are seen at the 97.00 and 97.30 levels.


DXY 30-minute chart


 
The market is bullish above its main SMAs. On the way down, support is seen at 96.60 and 96.36.


Additional key levels

DOLLAR INDEX SPOT

OVERVIEW
Today last price96.79
Today Daily Change-0.04
Today Daily Change %-0.04
Today daily open96.83
TRENDS
Daily SMA2096.81
Daily SMA5097.37
Daily SMA10097.11
Daily SMA20096.69
LEVELS
Previous Daily High96.87
Previous Daily Low96.28
Previous Weekly High96.39
Previous Weekly Low95.84
Previous Monthly High97.81
Previous Monthly Low95.84
Daily Fibonacci 38.2%96.64
Daily Fibonacci 61.8%96.51
Daily Pivot Point S196.45
Daily Pivot Point S296.07
Daily Pivot Point S395.86
Daily Pivot Point R197.04
Daily Pivot Point R297.25
Daily Pivot Point R397.63