US Dollar Index Technical Analysis: Extra decline could see the 55-day SMA at 96.32 retested

DXY is attempting a rebound after hitting multi-day lows in the 96.40/35 band on Wednesday.
Further south, the next support emerges at the 55-day SMA near 96.30 ahead of the short-term support line at 96.13 and late-February lows in the 95.80 region.
In spite of the underlying weakness, the constructive outlook in DXY is seen unchanged above the critical 200-day SMA, today at 95.78.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.53
    Today Daily change: 22 pips
    Today Daily change %: 0.06%
    Today Daily Open: 96.47
Trends:
    Daily SMA20: 96.71
    Daily SMA50: 96.33
    Daily SMA100: 96.57
    Daily SMA200: 95.77
Levels:
    Previous Daily High: 97.02
    Previous Daily Low: 96.38
    Previous Weekly High: 97.71
    Previous Weekly Low: 96.4
    Previous Monthly High: 97.37
    Previous Monthly Low: 95.4
    Daily Fibonacci 38.2%: 96.62
    Daily Fibonacci 61.8%: 96.78
    Daily Pivot Point S1: 96.23
    Daily Pivot Point S2: 95.98
    Daily Pivot Point S3: 95.59
    Daily Pivot Point R1: 96.87
    Daily Pivot Point R2: 97.26
    Daily Pivot Point R3: 97.51

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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