DXY Technical Analysis: The greenback could move higher and test 96.00 near term
|- After a brief move higher to fresh tops near 95.80, the index is now shedding some ground and is returning to the 95.50 region.
- The ongoing recovery has legs to test the critical 96.00 neighbourhood, where converge monthly tops, a retracement of the 2017-2018 drop and the resistance line off 2018 tops seen in August.
- Further up, the 2018 tops just below 97.00 the figure should return to the investors’ radar.
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 95.51
Daily change: -13 pips
Daily change: -0.136%
Daily Open: 95.64
Trends:
Daily SMA20: 95.11
Daily SMA50: 95.24
Daily SMA100: 94.89
Daily SMA200: 92.81
Levels:
Daily High: 95.66
Daily Low: 95.06
Weekly High: 96.16
Weekly Low: 94.95
Monthly High: 96.16
Monthly Low: 93.81
Daily Fibonacci 38.2%: 95.43
Daily Fibonacci 61.8%: 95.29
Daily Pivot Point S1: 95.25
Daily Pivot Point S2: 94.85
Daily Pivot Point S3: 94.65
Daily Pivot Point R1: 95.85
Daily Pivot Point R2: 96.05
Daily Pivot Point R3: 96.45
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