DXY Technical Analysis: The greenback could move higher and test 96.00 near term

After a brief move higher to fresh tops near 95.80, the index is now shedding some ground and is returning to the 95.50 region.
The ongoing recovery has legs to test the critical 96.00 neighbourhood, where converge monthly tops, a retracement of the 2017-2018 drop and the resistance line off 2018 tops seen in August.
Further up, the 2018 tops just below 97.00 the figure should return to the investors’ radar.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Last Price: 95.51
    Daily change: -13 pips
    Daily change: -0.136%
    Daily Open: 95.64
Trends:
    Daily SMA20: 95.11
    Daily SMA50: 95.24
    Daily SMA100: 94.89
    Daily SMA200: 92.81
Levels:
    Daily High: 95.66
    Daily Low: 95.06
    Weekly High: 96.16
    Weekly Low: 94.95
    Monthly High: 96.16
    Monthly Low: 93.81
    Daily Fibonacci 38.2%: 95.43
    Daily Fibonacci 61.8%: 95.29
    Daily Pivot Point S1: 95.25
    Daily Pivot Point S2: 94.85
    Daily Pivot Point S3: 94.65
    Daily Pivot Point R1: 95.85
    Daily Pivot Point R2: 96.05
    Daily Pivot Point R3: 96.45

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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