• DXY is about to end the year virtually unchanged a handfull of pips up compared to 12 months ago. 
  • The level to beat for sellers is the 96.70 support.

DXY weekly chart

DXY (US Dollar Index) is about to end the year a handful of pips from where it started at 96.36 in January 2019. 
 

DXY daily chart

The greenback is trading at its lowest level since July while below the critical 200-day simple moving average (DMA). If the bulls fail to reclaim the 98.00 handle, 2020 is likely to be a down year for the greenback. 
 

DXY four-hour chart

The market is pressuring the December lows while below the main SMAs. A daily close below 96.70 could lead to further losses towards 96.50, 96.25 and the 96.00 handle. On the flip side, resistance can be located at 97.00, 97.20 and the 97.55 level. 
     

Additional key level

Dollar Index Spot

Overview
Today last price 96.69
Today Daily Change -0.32
Today Daily Change % -0.33
Today daily open 97.01
 
Trends
Daily SMA20 97.47
Daily SMA50 97.74
Daily SMA100 98.1
Daily SMA200 97.72
 
Levels
Previous Daily High 97.57
Previous Daily Low 96.92
Previous Weekly High 97.82
Previous Weekly Low 96.92
Previous Monthly High 98.54
Previous Monthly Low 97.16
Daily Fibonacci 38.2% 97.17
Daily Fibonacci 61.8% 97.32
Daily Pivot Point S1 96.76
Daily Pivot Point S2 96.52
Daily Pivot Point S3 96.11
Daily Pivot Point R1 97.41
Daily Pivot Point R2 97.82
Daily Pivot Point R3 98.06

 

 

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