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US Dollar Index Technical Analysis: DXY setting the stage for a bullish advance to the 97.54 level

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages near the 97.00 figure.
  • DXY closed inside Tuesday’s range as the market is trapped in a triangle pattern. Technical indicators are slightly bullish.
  • The path of least resistance is to the upside with 97.54 and 97.70 as targets.

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 97.04
    Today Daily change: 8.0 pips
    Today Daily change %: 0.0825%
    Today Daily Open: 96.96
Trends:
    Previous Daily SMA20: 96.88
    Previous Daily SMA50: 96.25
    Previous Daily SMA100: 95.66
    Previous Daily SMA200: 93.97
Levels:
    Previous Daily High: 97.12
    Previous Daily Low: 96.37
    Previous Weekly High: 97.54
    Previous Weekly Low: 96.62
    Previous Monthly High: 97.7
    Previous Monthly Low: 95.68
    Previous Daily Fibonacci 38.2%: 96.83
    Previous Daily Fibonacci 61.8%: 96.66
    Previous Daily Pivot Point S1: 96.51
    Previous Daily Pivot Point S2: 96.07
    Previous Daily Pivot Point S3: 95.76
    Previous Daily Pivot Point R1: 97.26
    Previous Daily Pivot Point R2: 97.57
    Previous Daily Pivot Point R3: 98.01

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