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US Dollar Index Price Analysis: Stays bearish below the 200-day SMA

  • DXY has managed to test the upper end of the range near 97.80 .
  • Above this area aligns the key 200-day SMA at 98.35.

DXY has resumed the upside and appears ready to challenge the upper end of the recent range near 97.80.

If bulls regain the upper hand, the next target of relevance will emerge at the area of 97.90, where coincide monthly peaks and a Fibo retracement (of the 2017-2018 drop).

As long as the 200-day SMA, today at 98.35, caps the upside, further losses are still on the table for the dollar.

DXY daily chart

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Dollar Index Spot

Overview
Today last price97.61
Today Daily Change34
Today Daily Change %0.15
Today daily open97.46
 
Trends
Daily SMA2097.04
Daily SMA5098.6
Daily SMA10098.88
Daily SMA20098.37
 
Levels
Previous Daily High97.65
Previous Daily Low97.11
Previous Weekly High97.72
Previous Weekly Low96.38
Previous Monthly High100.56
Previous Monthly Low97.94
Daily Fibonacci 38.2%97.32
Daily Fibonacci 61.8%97.44
Daily Pivot Point S197.17
Daily Pivot Point S296.87
Daily Pivot Point S396.63
Daily Pivot Point R197.7
Daily Pivot Point R297.94
Daily Pivot Point R398.23

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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