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US Dollar Index Price Analysis: DXY bears taking a breather, trading sub-97.00 level

  • US Dollar Index (DXY) gets a small bounce on the Nonfarm Payrolls day. 
  • DXY remains limited by the 97.00 resistance.
 

DXY four-hour chart

 
DXY is having a modest rebound on the Nonfarm Payrolls day. However, the greenback remains limited by the 97.00 resistance while maintaining a strong bearish bias in the medium-term. As the sellers remain in control, the index can extra losses below the 96.60 support en route towards the 95.90 and 95.43 levels. Resistance is seen near the 97.00, 97.50 and 97.80 price levels initially. 
   
   

Additional key levels

Dollar Index Spot

Overview
Today last price 96.92
Today Daily Change 0.16
Today Daily Change % 0.17
Today daily open 96.76
 
Trends
Daily SMA20 99.12
Daily SMA50 99.5
Daily SMA100 99.04
Daily SMA200 98.5
 
Levels
Previous Daily High 97.64
Previous Daily Low 96.57
Previous Weekly High 99.98
Previous Weekly Low 97.94
Previous Monthly High 100.56
Previous Monthly Low 97.94
Daily Fibonacci 38.2% 96.98
Daily Fibonacci 61.8% 97.23
Daily Pivot Point S1 96.34
Daily Pivot Point S2 95.92
Daily Pivot Point S3 95.28
Daily Pivot Point R1 97.41
Daily Pivot Point R2 98.05
Daily Pivot Point R3 98.47

 

 

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