US Dollar Index technical analysis: DXY slumps as NFP disappoints big time

The US Dollar Index (DXY) tumbled following the release of the US Nonfarm Payrolls (NFP).
In May, the US only added 75k jobs vs. 185k forecast.
The prospects of a Fed’s rate cut is adding to the selling pressure.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is in a bull trend above its 200 simple moving averages (SMAs). The market is testing the 200 SMA.

DXY 4-hour chart

DXY is under bearish pressure below 96.74 and its main SMAs. Bears will be looking for a break below 96.40. The market can be drifting down towards 95.74 and 95.17. Resistances are seen at 96.74 and 97.00

Additional key levels

Dollar Index Spot

Overview
Today last price	96.58
Today Daily Change	-0.44
Today Daily Change %	-0.45
Today daily open	97.02

Trends
Daily SMA20	97.68
Daily SMA50	97.52
Daily SMA100	97.01
Daily SMA200	96.53

Levels
Previous Daily High	97.37
Previous Daily Low	96.78
Previous Weekly High	98.29
Previous Weekly Low	97.55
Previous Monthly High	98.38
Previous Monthly Low	97.03
Daily Fibonacci 38.2%	97.01
Daily Fibonacci 61.8%	97.14
Daily Pivot Point S1	96.74
Daily Pivot Point S2	96.47
Daily Pivot Point S3	96.15
Daily Pivot Point R1	97.33
Daily Pivot Point R2	97.65
Daily Pivot Point R3	97.92

Author

Flavio Tosti

Independent Analyst

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