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US Dollar Index technical analysis: DXY trading below 99.00 after the US NFP

  • DXY is trading mixed this Friday but down for the week.
  • The US Non-Farm Payrolls came below forecast at 136K vs. 145K in September, while wages disappointed at 2.9% vs. 3.2% forecast. 
 

DXY daily chart

 
The US Dollar Index (DXY) is an uptrend above its main daily simple moving averages (DSMAs). Earlier in the New York session, the US Non-Farm Payrolls came below expectations at 136K vs. 145K in September, while wages also disappointed at 2.9% vs. 3.2% forecast.

DXY four-hour chart

 
DXY is trading in the 98.63-99.00 range and between the 50 and 100 SMAs. A break of the 99.00/99.10 resistance zone could lead to 99.30 in the medium term.

DXY 30-minute chart

 
 
DXY is trading below its main SMAs, suggesting a bearish bias in the short term. A break of 98.63 support can expose 98.30 on the way down. 
 

Additional key levels 

Dollar Index Spot

Overview
Today last price98.81
Today Daily Change-0.15
Today Daily Change %-0.15
Today daily open98.96
 
Trends
Daily SMA2098.67
Daily SMA5098.35
Daily SMA10097.77
Daily SMA20097.26
 
Levels
Previous Daily High99.2
Previous Daily Low98.63
Previous Weekly High99.31
Previous Weekly Low98.29
Previous Monthly High99.46
Previous Monthly Low97.99
Daily Fibonacci 38.2%98.85
Daily Fibonacci 61.8%98.98
Daily Pivot Point S198.66
Daily Pivot Point S298.36
Daily Pivot Point S398.09
Daily Pivot Point R199.23
Daily Pivot Point R299.5
Daily Pivot Point R399.8

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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