US Dollar Index Technical Analysis: Initial resistance comes at/above the 97.00 handle


  • DXY has managed to regain some shine and clinch the upper end of the weekly range near the 97.00 handle, although a break above this level on a sustainable way is needed to aim for higher ground.
  • On the downside, the mid-96.00s is expected to hold the downside. In this zone converge the key 200-day SMA and the multi-month support line.
  • Beyond 97.00, extra hurdles are seen at last week’s tops near 97.40 ahead of the 55-day SMA at 97.42.

DXY daily chart

Dollar Index Spot

Overview
Today last price 96.93
Today Daily Change 12
Today Daily Change % -0.07
Today daily open 97
 
Trends
Daily SMA20 97.54
Daily SMA50 97.48
Daily SMA100 97.03
Daily SMA200 96.56
Levels
Previous Daily High 97.02
Previous Daily Low 96.58
Previous Weekly High 97.81
Previous Weekly Low 96.46
Previous Monthly High 98.38
Previous Monthly Low 97.03
Daily Fibonacci 38.2% 96.85
Daily Fibonacci 61.8% 96.75
Daily Pivot Point S1 96.71
Daily Pivot Point S2 96.43
Daily Pivot Point S3 96.27
Daily Pivot Point R1 97.15
Daily Pivot Point R2 97.31
Daily Pivot Point R3 97.59

 

 

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