US Dollar Index Technical Analysis: Focus has now shifted to the 97.40 region

The greenback is facing some difficulties just above the 97.00 milestone today.
If the 97.00 level is cleared on a sustainable basis, the next hurdle of relevance should emerge in the 97.40 region, coincident with early June tops and the 55-day and 21-day SMAs.
Looking at the broader picture, the 200-day SMA and the multi-month support line in the mid-96.00s should hold the downside and keep the constructive bias intact.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97
Today Daily Change	13
Today Daily Change %	-0.04
Today daily open	97.04

Trends
Daily SMA20	97.5
Daily SMA50	97.48
Daily SMA100	97.03
Daily SMA200	96.57

Levels
Previous Daily High	97.08
Previous Daily Low	96.87
Previous Weekly High	97.81
Previous Weekly Low	96.46
Previous Monthly High	98.38
Previous Monthly Low	97.03
Daily Fibonacci 38.2%	97
Daily Fibonacci 61.8%	96.95
Daily Pivot Point S1	96.91
Daily Pivot Point S2	96.79
Daily Pivot Point S3	96.7
Daily Pivot Point R1	97.12
Daily Pivot Point R2	97.21
Daily Pivot Point R3	97.33

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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