US Dollar Index technical analysis: DXY ends the day virtually unchanged

• DXY erased most of its intraday gains this Thursday.
• DXY is very close to the 2019 high at 98.38.

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above its main simple moving averages (SMAs). Bulls attempted to break above the 98.20 but DXY is ending the day virtually unchanged.

DXY 4-hour chart

The greenback is trading above its main SMAs suggesting a bullish bias in the medium term. 

DXY 30-minute chart

The level to beat for bulls is 98.28 as the market is very close to the 2019 high at 98.38. However, a daily close below 98.10 can lead to a correction down to 97.90 and 97.70 support.

Additional key levels