US Dollar Index Technical Analysis: A breach of the 200-day SMA near 97.60 should trigger extra losses

  • DXY remains under pressure although in the 97.60 region.
  • The 200-day SMA is expected to hold the downside.

The index appears to have met solid contention around the critical 200-day SMA in the 97.60/65 band.

A breakdown of this zone should reassert the bearish bias and spark a deeper retracement to, initially, October/November lows in the 97.10 area.

Occasional bullish attempts should meet minor hurdle at the 100-day and 55-day SMAs, at 98.12 and 98.20, respectively.

Dollar Index Spot

Today last price 97.78
Today Daily Change 16
Today Daily Change % 0.05
Today daily open 97.73
Daily SMA20 98.12
Daily SMA50 98.19
Daily SMA100 98.15
Daily SMA200 97.65
Previous Daily High 97.94
Previous Daily Low 97.64
Previous Weekly High 98.54
Previous Weekly Low 98.17
Previous Monthly High 98.54
Previous Monthly Low 97.16
Daily Fibonacci 38.2% 97.75
Daily Fibonacci 61.8% 97.83
Daily Pivot Point S1 97.6
Daily Pivot Point S2 97.47
Daily Pivot Point S3 97.3
Daily Pivot Point R1 97.9
Daily Pivot Point R2 98.07
Daily Pivot Point R3 98.2



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