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US Dollar Index Price Analysis: DXY bounces and approaches 100.00 handle

  • US dollar index (DXY) is up for a second consecutive day. 
  • The level to beat for buyers is the 100.00 handle.
 

DXY daily chart chart

 
Last week, the greenback had its largest weekly decline since April 1986 as DXY challenged the 50-day simple moving average on the daily chart.
  

DXY four-hour chart

 
DXY is rebounding above the main SMAs as the bulls want a daily close above the 100.00 psychological level. A break above the above-mentioned level can open the doors to the 100.50 and 101.50 resistances on the way up. Conversely, bears would need to regain the 98.00 figure to extend the bearish move seen last week.
   

Additional key levels

Dollar Index Spot

Overview
Today last price99.39
Today Daily Change0.37
Today Daily Change %0.37
Today daily open99.02
 
Trends
Daily SMA2098.84
Daily SMA5098.63
Daily SMA10098.09
Daily SMA20098.02
 
Levels
Previous Daily High99.32
Previous Daily Low98.31
Previous Weekly High102.82
Previous Weekly Low98.25
Previous Monthly High99.91
Previous Monthly Low97.44
Daily Fibonacci 38.2%98.93
Daily Fibonacci 61.8%98.7
Daily Pivot Point S198.45
Daily Pivot Point S297.87
Daily Pivot Point S397.44
Daily Pivot Point R199.46
Daily Pivot Point R299.89
Daily Pivot Point R3100.47

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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