DXY Technical Analysis: Further consolidation expected. The index needs to regain the 97.20 area and above


  • The greenback is prolonging the weekly sideline theme below the 97.00 handle ahead of the key US Non-farm Payrolls.
  • Further gains hinge on a convincing clear of recent tops in the 97.20 region, which should pave the way for a continuation of the up move to the mid-97.00s.
  • In the near term, the constructive outlook persists while above the support line, today at 96.50.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
    Today Last Price: 96.83
    Today Daily change: 6.0 pips
    Today Daily change %: 0.0620%
    Today Daily Open: 96.77
Trends:
    Previous Daily SMA20: 96.92
    Previous Daily SMA50: 96.34
    Previous Daily SMA100: 95.69
    Previous Daily SMA200: 94.03
Levels:
    Previous Daily High: 97.21
    Previous Daily Low: 96.55
    Previous Weekly High: 97.54
    Previous Weekly Low: 96.62
    Previous Monthly High: 97.7
    Previous Monthly Low: 95.68
    Previous Daily Fibonacci 38.2%: 96.8
    Previous Daily Fibonacci 61.8%: 96.96
    Previous Daily Pivot Point S1: 96.48
    Previous Daily Pivot Point S2: 96.18
    Previous Daily Pivot Point S3: 95.82
    Previous Daily Pivot Point R1: 97.14
    Previous Daily Pivot Point R2: 97.5
    Previous Daily Pivot Point R3: 97.8

 

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