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US Dollar Index Price Analysis: Extra gains remain on the table above 95.30

  • DXY alternates gains with losses in the sub-96.00 area.
  • The near-term positive bias looks intact above 95.30.

DXY trades within a narrow range in the 95.80 region at the end of the week.

The index navigates in the lower end of the weekly range south of the 96.00 mark, although further upside should not be ruled out as long as the 5-month line near 95.30 holds the downside. That said, the next up barrier comes at the weekly high at 96.43 (February).

In the longer run, the outlook for the dollar is seen as positive above the 200-day SMA at 93.73.

DXY daily chart

Dollar Index Spot

Overview
Today last price95.83
Today Daily Change21
Today Daily Change %0.00
Today daily open95.83
 
Trends
Daily SMA2096.02
Daily SMA5095.98
Daily SMA10095.42
Daily SMA20093.74
 
Levels
Previous Daily High96.11
Previous Daily Low95.71
Previous Weekly High96.11
Previous Weekly Low95.17
Previous Monthly High97.44
Previous Monthly Low94.63
Daily Fibonacci 38.2%95.96
Daily Fibonacci 61.8%95.86
Daily Pivot Point S195.66
Daily Pivot Point S295.48
Daily Pivot Point S395.25
Daily Pivot Point R196.06
Daily Pivot Point R296.29
Daily Pivot Point R396.47

Author

Pablo Piovano

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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