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US Dollar Index Technical Analysis: Greenback bulls to target 96.00 figure in the short-term

DXY daily chart

  • The US Dollar Index (DXY) is in a bull trend above 200-day simple moving average (SMA).
  • However, bears are trading below the 50 and 100 SMAs.

DXY 4-hour chart

  • DXY is trading below the main SMAs, suggesting bearish momentum in the medium-term.

DXY 30-minute chart

  • DXY found some support at 95.70 suggesting a potential short-term rebound to 96.00 and 96.20 if the bulls gather enough steam. 
  • The next level of support to the downside is seen at 95.50.

Additional key level

Dollar Index Spot

Overview:
    Today Last Price: 95.76
    Today Daily change: 0.00 pips
    Today Daily change %: 0.00%
    Today Daily Open: 95.76
Trends:
    Daily SMA20: 96.05
    Daily SMA50: 96.56
    Daily SMA100: 96.12
    Daily SMA200: 95.18
Levels:
    Previous Daily High: 96.56
    Previous Daily Low: 95.75
    Previous Weekly High: 96.68
    Previous Weekly Low: 95.75
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Daily Fibonacci 38.2%: 96.06
    Daily Fibonacci 61.8%: 96.25
    Daily Pivot Point S1: 95.49
    Daily Pivot Point S2: 95.21
    Daily Pivot Point S3: 94.68
    Daily Pivot Point R1: 96.3
    Daily Pivot Point R2: 96.83
    Daily Pivot Point R3: 97.11

 

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