DXY Technical Analysis: Support emerged around 95.00. Upside bias unchanged above 93.71

After a test of the 95.00 neighbourhood, the index appears to have met some traction and managed to leave behind that area of contention and bounce to the 95.20/30 band.
The support zone around 95.00 stays reinforced by the 21-day SMA at 94.98 and the 100-day SMA at 94.87.
On the upside, interim hurdle appears at the 10-day SMA at 95.52 ahead of recent peaks in the 96.10/15 zone. Around this resistance band lies the Fibo retracement of the 2017-2018 drop at 96.04.
A move higher remains on the cards as long as September’s low at 93.71 holds the downside.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Last Price: 95.32
    Daily change: 29 pips
    Daily change: 0.305%
    Daily Open: 95.03
Trends:
    Daily SMA20: 95
    Daily SMA50: 95.23
    Daily SMA100: 94.86
    Daily SMA200: 92.75
Levels:
    Daily High: 95.52
    Daily Low: 94.98
    Weekly High: 96.13
    Weekly Low: 95
    Monthly High: 96.13
    Monthly Low: 93.81
    Daily Fibonacci 38.2%: 95.19
    Daily Fibonacci 61.8%: 95.31
    Daily Pivot Point S1: 94.83
    Daily Pivot Point S2: 94.64
    Daily Pivot Point S3: 94.29
    Daily Pivot Point R1: 95.37
    Daily Pivot Point R2: 95.72
    Daily Pivot Point R3: 95.91

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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