US Dollar Index Technical Analysis: Upside in DXY faces resistance around 96.50
|- DXY has faded Tuesday’s up move to the mid-96.00s, clinching at the same time fresh 3-week highs, and has now returned to the new comfort zone around 96.30.
- The greenback now needs to surpass the 96.60 level, where sits the 55-day SMA, and the 23.6% Fibo retracement of the September-December up move at 96.79 to allow for a re-test of 2019 highs in the boundaries of 97.00 the figure.
- On the downside, the 96.10/96.00 band emerges as a key support, where converge the 21-, 100- and 10-day SMAs
DXY daily chart
Dollar Index Spot
Overview:
Today Last Price: 96.3
Today Daily change: -0.03 pips
Today Daily change %: -0.03%
Today Daily Open: 96.33
Trends:
Daily SMA20: 96.14
Daily SMA50: 96.62
Daily SMA100: 96.09
Daily SMA200: 95.09
Levels:
Previous Daily High: 96.49
Previous Daily Low: 96.21
Previous Weekly High: 96.4
Previous Weekly Low: 95.47
Previous Monthly High: 97.71
Previous Monthly Low: 96.06
Daily Fibonacci 38.2%: 96.32
Daily Fibonacci 61.8%: 96.38
Daily Pivot Point S1: 96.2
Daily Pivot Point S2: 96.06
Daily Pivot Point S3: 95.92
Daily Pivot Point R1: 96.48
Daily Pivot Point R2: 96.62
Daily Pivot Point R3: 96.76
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.