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.

Pablo Piovano FXStreet

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

Author

Pablo Piovano

FXStreet

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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