US Dollar Index Price Analysis: Extra rangebound stays in the pipeline

DXY’s upside remains capped around the 97.90 zone.
On the downside, there is strong support near 95.70.

Pablo Piovano FXStreet

DXY regains some ground lost on Monday’s sell-off to the mid-96.00s, where decent contention turned up so far.

Looking at the broader picture, the consolidative range appears unchanged around the index, which is expected to navigate between 95.70 and 97.90 for the time being.

Furthermore, while below the critical 200-day SMA, today at 98.30, the outlook for the dollar is seen as negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.12
Today Daily Change	55
Today Daily Change %	0.35
Today daily open	96.78

Trends
Daily SMA20	97.06
Daily SMA50	98.28
Daily SMA100	98.79
Daily SMA200	98.32

Levels
Previous Daily High	97.18
Previous Daily Low	96.57
Previous Weekly High	97.81
Previous Weekly Low	96.81
Previous Monthly High	98.24
Previous Monthly Low	95.72
Daily Fibonacci 38.2%	96.8
Daily Fibonacci 61.8%	96.94
Daily Pivot Point S1	96.51
Daily Pivot Point S2	96.23
Daily Pivot Point S3	95.9
Daily Pivot Point R1	97.11
Daily Pivot Point R2	97.45
Daily Pivot Point R3	97.72

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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