US Dollar Index Price Analysis: Under pressure below the 200-day SMA at 97.70

  • The index meets a formidable hurdle in the 97.60 region.
  • Extra gains are expected above the 200-day SMA near 97.70.

The index has failed once again to break above the 97.60 region, where sits the 55-day SMA.

The inability to surpass this area in the near-term carries the potential to trigger some consolidation ahead of a resumption of the downside.

Against this backdrop, there are no relevant support levels until late December’s low near 96.30.

The bullish outlook in DXY is expected to return as long as it trades above the 200-day SMA.

DXY daily chart

Dollar Index Spot

Today last price 97.25
Today Daily Change 21
Today Daily Change % -0.14
Today daily open 97.39
Daily SMA20 97.21
Daily SMA50 97.61
Daily SMA100 97.97
Daily SMA200 97.72
Previous Daily High 97.58
Previous Daily Low 97.32
Previous Weekly High 97.58
Previous Weekly Low 96.54
Previous Monthly High 98.38
Previous Monthly Low 96.35
Daily Fibonacci 38.2% 97.48
Daily Fibonacci 61.8% 97.42
Daily Pivot Point S1 97.28
Daily Pivot Point S2 97.17
Daily Pivot Point S3 97.02
Daily Pivot Point R1 97.54
Daily Pivot Point R2 97.69
Daily Pivot Point R3 97.8



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