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US Dollar Index Index Price Analysis: DXY ends the week near 10-week lows

  • US Dollar Index (DXY) is trading at levels last seen in mid-March. 
  • DXY is testing a key support level at the 98.00 figure. 
  
 

DXY four-hour chart

 
DXY dropped to the 98.20/98.00 support zone while under below the main SMAs. If the market can find some footing here, the index might rebound. However, a break below 98.00 can send the index towards the 97.50 and 97.00 levels in the medium term while resistance could be seen near the 98.80 and 99.00 levels initially.
   
 
 

Additional key levels

Dollar Index Spot

Overview
Today last price98.43
Today Daily Change-0.05
Today Daily Change %-0.05
Today daily open98.48
 
Trends
Daily SMA2099.65
Daily SMA5099.88
Daily SMA10099.03
Daily SMA20098.51
 
Levels
Previous Daily High99.1
Previous Daily Low98.35
Previous Weekly High100.47
Previous Weekly Low99
Previous Monthly High100.93
Previous Monthly Low98.81
Daily Fibonacci 38.2%98.64
Daily Fibonacci 61.8%98.81
Daily Pivot Point S198.19
Daily Pivot Point S297.9
Daily Pivot Point S397.44
Daily Pivot Point R198.93
Daily Pivot Point R299.38
Daily Pivot Point R399.67

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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