US Dollar Index technical analysis: DXY continues stabilizing near 96.74 and 200 DSMA

The US Dollar Index (DXY) is under pressure below the 97.00 figure.
The European Central Bank's president Mario Draghi will be speaking on Wednesday. This can indirectly affect DXY.
The US Consumer Price Index (CPI), also to be released on Wednesday can provide volatility on DXY.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is in a bullish trend above the 96.40 support and the 200-day simple moving averages (DSMA).

DXY 4-hour chart

DXY is attempting to stabilize above 96.40 support as the index is trading below its main SMAs.

DXY 30-minute chart

DXY is under bearish pressure below its main SMAs. Bears want a break below 96.74 and a continuation towards 96.40 to get to 95.74. However, a daily close above 97.00 and 97.30 resistances would embolden the bullish case.

Additional key levels

Dollar Index Spot

Overview
Today last price	96.7
Today Daily Change	-0.09
Today Daily Change %	-0.09
Today daily open	96.79

Trends
Daily SMA20	97.61
Daily SMA50	97.5
Daily SMA100	97.02
Daily SMA200	96.55

Levels
Previous Daily High	96.93
Previous Daily Low	96.67
Previous Weekly High	97.81
Previous Weekly Low	96.46
Previous Monthly High	98.38
Previous Monthly Low	97.03
Daily Fibonacci 38.2%	96.83
Daily Fibonacci 61.8%	96.77
Daily Pivot Point S1	96.66
Daily Pivot Point S2	96.54
Daily Pivot Point S3	96.4
Daily Pivot Point R1	96.92
Daily Pivot Point R2	97.06
Daily Pivot Point R3	97.18

Author

Flavio Tosti

Independent Analyst

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