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


  • DXY (US Dollar Index) is regaining some ground on the back of the risk-on mood. The deal between the US and Mexico on tariffs and immigration was seen as favorable for USD and equities.
  • DXY bulls are not out of the woods just yet.

DXY daily chart

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


DXY 4-hour chart

DXY remains under bearish pressure below 97.00 and its main SMAs. 

DXY 30-minute chart


DXY is trading below its main SMAs suggesting bearish momentum in the near term. Bears will be looking for a break below 96.74 support and a sustained drop below 96.40 to reach 95.74. Signs of a bullish recovery could be seen on a daily close above 97.00 and 97.30 resistances.

Additional key levels

Dollar Index Spot

Overview
Today last price 96.75
Today Daily Change 0.16
Today Daily Change % 0.17
Today daily open 96.59
 
Trends
Daily SMA20 97.64
Daily SMA50 97.5
Daily SMA100 97.01
Daily SMA200 96.54
Levels
Previous Daily High 97.18
Previous Daily Low 96.46
Previous Weekly High 97.81
Previous Weekly Low 96.46
Previous Monthly High 98.38
Previous Monthly Low 97.03
Daily Fibonacci 38.2% 96.74
Daily Fibonacci 61.8% 96.9
Daily Pivot Point S1 96.31
Daily Pivot Point S2 96.02
Daily Pivot Point S3 95.59
Daily Pivot Point R1 97.03
Daily Pivot Point R2 97.46
Daily Pivot Point R3 97.75

 

 

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