DXY Technical Analysis: The greenback stays supported by the short-term support line. Still targets 97.53

The index is extending the ragebound theme around the 97.00 handle, while the constructive view stays unchanged above the short term support line, today at 96.44.
A convincing surpass of weekly tops in the 97.20 area is needed to attempt a test of last week’s tops beyond 97.50, considered the last defense for a visit to 2018 highs just below 97.70.
A break below the short-term support line should carry the potential for a new visit of the significant contention area in the 96.00 neighbourhood.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 97.03
    Today Daily change: 0.0 pips
    Today Daily change %: 0.00%
    Today Daily Open: 97.03
Trends:
    Previous Daily SMA20: 96.92
    Previous Daily SMA50: 96.3
    Previous Daily SMA100: 95.68
    Previous Daily SMA200: 94
Levels:
    Previous Daily High: 97.21
    Previous Daily Low: 96.83
    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%: 97.06
    Previous Daily Fibonacci 61.8%: 96.98
    Previous Daily Pivot Point S1: 96.84
    Previous Daily Pivot Point S2: 96.64
    Previous Daily Pivot Point S3: 96.46
    Previous Daily Pivot Point R1: 97.22
    Previous Daily Pivot Point R2: 97.4
    Previous Daily Pivot Point R3: 97.6

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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