US Dollar Index technical analysis: DXY retraces down to the 99.10 level

US data weakened the US Dollar this Friday.
DXY is challenging the 99.10 support level below the 2019 low.

Flavio Tosti Independent Analyst

DXY daily chart

DXY (US Dollar Index) is trading a bull trend above its main daily simple moving averages (DSMAs). The market almost hit the 2019 high at 99.38 before retreating slightly. Earlier in the New York session, the Nondefense Capital Goods Orders Excluding Aircraft (August) in the United States, came in below expectations at -0.2 vs. 0% while the Core Personal Consumption Expenditure YoY came in line with expectations at 1.8% in August.

DXY four-hour chart

DXY is pulling back down before hitting the 2019 high at 99.38. The market is challenging the 99.10 support. A break below 99.10 can expose 98.85 on the way down.

DXY 30-minute chart

DXY is challenging the 99.10 support and the 100 SMA, suggesting a neutral bias in the short term. Immediate resistance is seen at the 99.20/30 resistance zone.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.11
Today Daily Change	-0.08
Today Daily Change %	-0.08
Today daily open	99.19

Trends
Daily SMA20	98.57
Daily SMA50	98.18
Daily SMA100	97.69
Daily SMA200	97.2

Levels
Previous Daily High	99.28
Previous Daily Low	98.84
Previous Weekly High	98.75
Previous Weekly Low	98.04
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	99.11
Daily Fibonacci 61.8%	99.01
Daily Pivot Point S1	98.93
Daily Pivot Point S2	98.66
Daily Pivot Point S3	98.49
Daily Pivot Point R1	99.37
Daily Pivot Point R2	99.54
Daily Pivot Point R3	99.81

Author

Flavio Tosti

Independent Analyst

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