US Dollar Index Technical Analysis: Correction lower could extend further and test the 200-day SMA near 97.40

  • The index continues to correct lower after failing to break above the 97.90 region, where converge the 100-day SMA (97.84) and the Fibo retracement of the 2017-2018 drop (97.87).
  • Interim support if the continuation of the down move materializes appears at the 10-day SMA at 97.55.
  • Further south emerges the critical 200-day SMA at 97.43. Below this area, the bearish view is expected to return to the market.

DXY daily chart

Dollar Index Spot

Today last price 97.65
Today Daily Change 13
Today Daily Change % -0.03
Today daily open 97.68
Daily SMA20 98.2
Daily SMA50 98.4
Daily SMA100 97.87
Daily SMA200 97.45
Previous Daily High 97.93
Previous Daily Low 97.61
Previous Weekly High 97.9
Previous Weekly Low 97.15
Previous Monthly High 99.46
Previous Monthly Low 97.99
Daily Fibonacci 38.2% 97.73
Daily Fibonacci 61.8% 97.81
Daily Pivot Point S1 97.55
Daily Pivot Point S2 97.42
Daily Pivot Point S3 97.23
Daily Pivot Point R1 97.87
Daily Pivot Point R2 98.06
Daily Pivot Point R3 98.19



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Latest Forex News

Editors’ Picks

GBP/USD holds the lower ground below 1.2550 on downbeat UK GDP

GBP/USD stays pressured below1.2550 after flashing the biggest losses in two weeks the previous day. The UK GDP disappointed expectations by expanding 1.8% MoM in May. Focus shifts to the US CPI data. 


EUR/USD holds steady below 1.1350 amid risk-aversion

EUR/USD holds steady below 1.1350, as US dollar trades firmer amid broad risk-aversion. The German ZEW Survey to show signs of an economic turnaround. Heightened expectations for an EU fiscal stimulus plan underpin the shared currency. 


Gold: Breaks $1,800 threshold, nearby support lines in focus

Gold prices extend Monday’s pullback from $1,813.54 to challenge Friday’s low. Monthly support line, a five-week-old rising trend line to question the bears. Bulls will seek entries beyond the weekly resistance line.

Gold News

Forex Today: US dollar seizes control as risk aversion returns, a busy docket ahead

Broad US dollar strength extended into Asia, as risk-averse market conditions persisted amid intensifying coronavirus fears and US-China tensions. The Asian equities followed the late sell-off on Wall Street while the US stock futures struggled with its recovery.

Read more

WTI recovers from intraday low under $40.00 ahead of API inventories

WTI’s pullback from $39.30 fails to defy a two-day losing streak. China’s sustained increase in oil imports confronts chatter of easing output cuts. US inflation data, API stockpiles and American earnings are in the spotlight.

Oil News