US Dollar Index Technical Analysis: Decent contention turned up in the 97.00 neighbourhood

The index is attempting to leave behind the recent correction lower, rebounding from the solid support area around 97.00 the figure.
The ongoing drop is viewed as corrective only while Immediate target on the upside remains at 2019 highs in the 97.70/75 band ahead of 97.87, June 2017 peaks.
In the broader picture, the outlook on DXY remains constructive while above the key 200-day SMA, today at 95.90.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.11
Today Daily Change	10
Today Daily Change %	-0.02
Today daily open	97.13

Trends
Daily SMA20	96.86
Daily SMA50	96.58
Daily SMA100	96.59
Daily SMA200	95.95

Levels
Previous Daily High	97.32
Previous Daily Low	96.96
Previous Weekly High	97.34
Previous Weekly Low	96.41
Previous Monthly High	97.71
Previous Monthly Low	95.74
Daily Fibonacci 38.2%	97.1
Daily Fibonacci 61.8%	97.18
Daily Pivot Point S1	96.95
Daily Pivot Point S2	96.78
Daily Pivot Point S3	96.59
Daily Pivot Point R1	97.31
Daily Pivot Point R2	97.5
Daily Pivot Point R3	97.67

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.

AUD/USD consolidates near 0.7000 as USD stays weak

AUD/USD holds steady above 0.7000 during Thursday’s Asian session, consolidating the previous day’s recovery gains from a near three-week low as the Democratic sweep in the US midterm elections and Iran diplomacy hopes continue to weigh on the US Dollar. Bulls, however, seem hesitant as focus shifts to Friday’s crucial US NFP report.

USD/JPY drifts lower to 158.25 on hawkish BoJ Minutes, weak USD

USD/JPY trades with a negative bias for the second straight day on Thursday as hawkish BoJ Minutes, showing members agreed to keep raising rates, and intervention risks support the Japanese Yen. Meanwhile, US midterm election results and hopes for Iran diplomacy keep the US Dollar depressed as focus shifts to Friday’s US NFP report.

Gold consolidates near two-week top as modest USD bounce and Fed hike bets cap upside

Gold (XAU/USD) is consolidating its strong weekly gains, trading above $4,100 through the first half of the European session, close to a two-week high set earlier this Thursday.

TRUMP token hits record low amid mounting selling pressure

Ripple and Stellar extend their recovery as bearish pressure begins to ease for both altcoins. XRP trades above $1.30 after breaking above the upper trendline of a falling channel pattern, while XLM holds above $0.168 and approaches resistance at $0.173. Meanwhile, improving derivatives metrics and strengthening momentum indicators hint at a potential for further recovery.

BoE expected to hike interest rate to 4.00%

The Bank of England is set to reveal its latest monetary policy decision on Thursday, coinciding with its seventh rate-setting meeting of 2026. Market analysts expect the ‘Old Lady’ to increase its policy rate by a quarter percentage point to 4.00%, the highest level since November 2025.

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.