DXY Technical Analysis: Further weakness in the greenback could see 96.00 re-tested

The greenback is adding to last week’s losses and is now dragging DXY to print multi-day lows in the 96.30/20 band.
The index is losing further momentum and is eroding the immediate support line, threatening at the same time to extend the pullback to the critical 96.00 area.
In the meantime, the 96.00 neighbourhood is expected to hold the downside, where converges early October highs and the 50% Fibo of the 2017-2018 drop.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Last Price: 96.18
    Daily change: -26 pips
    Daily change: -0.270%
    Daily Open: 96.44
Trends:
    Daily SMA20: 96.64
    Daily SMA50: 95.7
    Daily SMA100: 95.38
    Daily SMA200: 93.53
Levels:
    Daily High: 97.09
    Daily Low: 96.4
    Weekly High: 97.7
    Weekly Low: 96.4
    Monthly High: 97.2
    Monthly Low: 94.79
    Daily Fibonacci 38.2%: 96.66
    Daily Fibonacci 61.8%: 96.83
    Daily Pivot Point S1: 96.2
    Daily Pivot Point S2: 95.95
    Daily Pivot Point S3: 95.51
    Daily Pivot Point R1: 96.89
    Daily Pivot Point R2: 97.33
    Daily Pivot Point R3: 97.58

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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