US Dollar Index Technical Analysis: Correction lower in DXY should meet initial support at the 55-day SMA at 96.41

  • DXY clinched fresh yearly highs at 97.20 on Tuesday, although sellers turned up soon afterwards, sponsoring the ongoing knee-jerk.
  • Initial contention emerges at the 96.40 region, where sits the key 55-day SMA, while the constructive bias is seen unchanged as long as the200-day SMA near 95.50 underpins.
  • A surpass of recent YTD peaks should focus the attention on 2018 highs around 97.70.

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.71
    Today Daily change: 10 pips
    Today Daily change %: -0.03%
    Today Daily Open: 96.74
Trends:
    Daily SMA20: 96.16
    Daily SMA50: 96.39
    Daily SMA100: 96.29
    Daily SMA200: 95.45
Levels:
    Previous Daily High: 97.2
    Previous Daily Low: 96.65
    Previous Weekly High: 96.69
    Previous Weekly Low: 95.58
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 96.86
    Daily Fibonacci 61.8%: 96.99
    Daily Pivot Point S1: 96.53
    Daily Pivot Point S2: 96.31
    Daily Pivot Point S3: 95.98
    Daily Pivot Point R1: 97.08
    Daily Pivot Point R2: 97.41
    Daily Pivot Point R3: 97.63

 

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