US Dollar Index Technical Analysis: Further downside now looks to the 100-day SMA at 96.94

The selling pressure around the greenback stays unabated so far this week and has forced DXY to challenge the critical support at 97.00 the figure, exposing further pullbacks.
Next on the way down emerges the 100-day SMA at 96.94. This should hold the initial test ahead of April’s low at 96.75.
Looking at the broader picture, the positive outlook on the buck remains intact while above the key 200-day SMA at 96.45 and the 8-month support line at 96.48.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.07
Today Daily Change	18
Today Daily Change %	-0.06
Today daily open	97.13

Trends
Daily SMA20	97.71
Daily SMA50	97.51
Daily SMA100	96.99
Daily SMA200	96.5

Levels
Previous Daily High	97.34
Previous Daily Low	97
Previous Weekly High	98.29
Previous Weekly Low	97.55
Previous Monthly High	98.38
Previous Monthly Low	97.03
Daily Fibonacci 38.2%	97.13
Daily Fibonacci 61.8%	97.21
Daily Pivot Point S1	96.97
Daily Pivot Point S2	96.82
Daily Pivot Point S3	96.63
Daily Pivot Point R1	97.31
Daily Pivot Point R2	97.5
Daily Pivot Point R3	97.65

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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