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US Dollar Index Asia Price Forecast: DXY keeps moving down, trades near 97.25 level

  • US Dollar Index (DXY) remains under bearish pressure near levels last seen in mid-March this year.
  • The level to beat for sellers is the 97.00 figure.
 

DXY four-hour chart

 
DXY keeps sinking while breaking below the 97.50 level. As the sellers remain in control, the greenback can extend losses especially on a break beyond the 97.00 support en route towards the 96.60 level. However, as the market can be oversold, a counter-trend move up cannot be ruled out. Resistance can be seen near the 97.50, 97.80 and 98.00 price levels initially. 
   
   

Additional key levels

Dollar Index Spot

Overview
Today last price 97.26
Today Daily Change -0.41
Today Daily Change % -0.42
Today daily open 97.67
 
Trends
Daily SMA20 99.42
Daily SMA50 99.62
Daily SMA100 99.05
Daily SMA200 98.51
 
Levels
Previous Daily High 97.91
Previous Daily Low 97.43
Previous Weekly High 99.98
Previous Weekly Low 97.94
Previous Monthly High 100.56
Previous Monthly Low 97.94
Daily Fibonacci 38.2% 97.61
Daily Fibonacci 61.8% 97.73
Daily Pivot Point S1 97.43
Daily Pivot Point S2 97.19
Daily Pivot Point S3 96.95
Daily Pivot Point R1 97.91
Daily Pivot Point R2 98.15
Daily Pivot Point R3 98.39

 

 

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