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. 

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

 

 

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