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

Overview
Today last price 97.65
Today Daily Change 13
Today Daily Change % -0.03
Today daily open 97.68
 
Trends
Daily SMA20 98.2
Daily SMA50 98.4
Daily SMA100 97.87
Daily SMA200 97.45
 
Levels
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

 

 

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