US Dollar Index Technical Analysis: Extra gains expected above recent highs around 96.80

  • DXY is now trading within a sideline theme around the 21-day and 100-day SMAs in the 96.50/60 band.
  • The greenback needs to overcome last week’s tops at 96.80 to allow for further upside to, initially, February high at 97.37.
  • Looking at the broader picture, the constructive bias remains unchanged while above the key 200-day SMA at 95.87. This area of support is reinforced by March 20 low at 95.74.

DXY daily chart

Dollar Index Spot

Today last price 96.57
Today Daily Change 9
Today Daily Change % 0.06
Today daily open 96.53
Daily SMA20 96.63
Daily SMA50 96.44
Daily SMA100 96.56
Daily SMA200 95.87
Previous Daily High 96.68
Previous Daily Low 96.41
Previous Weekly High 96.81
Previous Weekly Low 95.74
Previous Monthly High 97.37
Previous Monthly Low 95.4
Daily Fibonacci 38.2% 96.51
Daily Fibonacci 61.8% 96.58
Daily Pivot Point S1 96.4
Daily Pivot Point S2 96.27
Daily Pivot Point S3 96.13
Daily Pivot Point R1 96.67
Daily Pivot Point R2 96.81
Daily Pivot Point R3 96.94


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD extends its gains toward 1.1300 after the dovish Fed decision

EUR/USD has extended its gains after the Fed opened the door to cutting interest rates, stating that uncertainties have increased. Markets are awaiting EU leaders to divvy up top jobs.


GBP/USD holds onto gains after retail sales, ahead of the BOE

GBP/USD has extended its gains above 1.2700 after the Fed opened the door to rate cuts. UK retail sales fell by 0.5% in May as expected. The BOE's decision and two more rounds of the Conservative contest await traders.


USD/JPY tumbles to fresh multi-month lows in tandem with a slump in US bond yields

The USD weakens after the Fed opened doors for rate cuts by the end of 2019. Bearish traders further took cues from the ongoing slump in the US bond yields. BoJ’s decision to maintain status-quo fails to provide any respite for the bulls.


Gold eases from multi-year tops, still well bid near $1380 level

Gold built on the post-FOMC upsurge and rallied to near six-year tops during the Asian session on Thursday, albeit retreated a bit thereafter.

Gold News

FOMC: Prelude to a rate cut?

The Federal Reserve added little new to its policy prescript in Wednesday’s FOMC statement and economic projections and with the anticipation for a July rate cut long priced into market levels the reaction was decidedly uninvolved.

Read more