US Dollar Index Technical Analysis: Decent support emerged in the low-95.00s

DXY met strong support in the 95.20/15 band on Thursday after dip-buyers re-emerged and motivated the buck to partially regain ground lost post-FOMC meeting.
In this context, the key 200-day SMA in the 95.30 region should hold the initial test.
A loss of this key area should open the door for a potential retracement to YTD lows in the 95.00 neighbourhood.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 95.58
    Today Daily change: 0.02 pips
    Today Daily change %: 0.02%
    Today Daily Open: 95.56
Trends:
    Daily SMA20: 95.9
    Daily SMA50: 96.49
    Daily SMA100: 96.14
    Daily SMA200: 95.28
Levels:
    Previous Daily High: 95.62
    Previous Daily Low: 95.16
    Previous Weekly High: 96.68
    Previous Weekly Low: 95.75
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 95.44
    Daily Fibonacci 61.8%: 95.34
    Daily Pivot Point S1: 95.27
    Daily Pivot Point S2: 94.99
    Daily Pivot Point S3: 94.81
    Daily Pivot Point R1: 95.73
    Daily Pivot Point R2: 95.91
    Daily Pivot Point R3: 96.19

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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