US Dollar Index Price Analysis: Rally falters at the resistance line near 94.70


  • DXY’s upside momentum struggles near 94.70 on Monday.
  • Interim support emerges at the Fibo level at 94.20.

DXY is eroding part of the recent gains and recedes to the initial support around 94.20 on Monday, where is located a Fibo level (of the 2017-2018 drop).

If sellers keep pushing then there is a minor support at the 55-day SMA, today at 93.59. Further south emerges the 92.75/70 band, where converge the September 10/21 lows).

In spite of the current bounce, the bearish view on DXY is seen unchanged while below the 200-day SMA, today at 97.09.

DXY daily chart

Dollar Index Spot

Overview
Today last price 94.23
Today Daily Change 44
Today Daily Change % -0.37
Today daily open 94.58
 
Trends
Daily SMA20 93.26
Daily SMA50 93.38
Daily SMA100 95.54
Daily SMA200 97.11
 
Levels
Previous Daily High 94.74
Previous Daily Low 94.19
Previous Weekly High 94.74
Previous Weekly Low 92.75
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 94.53
Daily Fibonacci 61.8% 94.4
Daily Pivot Point S1 94.26
Daily Pivot Point S2 93.95
Daily Pivot Point S3 93.71
Daily Pivot Point R1 94.82
Daily Pivot Point R2 95.06
Daily Pivot Point R3 95.38

 

 

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