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US Dollar Index technical analysis: DXY ends Monday at the 98.38 key resistance as bulls eye the 2019 high

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  • DXY (US Dollar Index) accelerated to the 98.38 resistance at the end of the New York session.
  • The next potential bullish targets on the way up could be located at 98.68 and 98.93 (2019 high).

DXY daily chart

DXY (US Dollar Index) is in a bull trend above its main daily simple moving averages (DSMAs). The Greenback has accelerated to the upside in the second part of the New York session this Monday.
US Dollar Index technical analysis: DXY ends Monday at the 98.38 key resistance as bulls eye the 2019 high

DXY 4-hour chart

DXY bulls have a daily close just at the 98.38 key resistance. This could open the gates to further appreciation towards 98.68 and potentially to 98.93 level (2019 high). 
US Dollar Index technical analysis: DXY ends Monday at the 98.38 key resistance as bulls eye the 2019 high

DXY 30-minute chart

The Greenback is trading above its main SMAs, suggesting bullish momentum in the short term. Immediate support could be found near the 98.10, 97.95 and 97.85 levels.
US Dollar Index technical analysis: DXY ends Monday at the 98.38 key resistance as bulls eye the 2019 high

Additional key levels

Dollar Index Spot

Overview
Today last price 98.38
Today Daily Change 0.18
Today Daily Change % 0.18
Today daily open 98.2
Trends
Daily SMA20 97.86
Daily SMA50 97.28
Daily SMA100 97.39
Daily SMA200 96.99
Levels
Previous Daily High 98.34
Previous Daily Low 98.11
Previous Weekly High 98.34
Previous Weekly Low 97.32
Previous Monthly High 98.68
Previous Monthly Low 96.28
Daily Fibonacci 38.2% 98.25
Daily Fibonacci 61.8% 98.2
Daily Pivot Point S1 98.09
Daily Pivot Point S2 97.99
Daily Pivot Point S3 97.86
Daily Pivot Point R1 98.32
Daily Pivot Point R2 98.45
Daily Pivot Point R3 98.55

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