US Dollar Index Technical Analysis: Is the DXY correction down over?

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs).
DXY is correcting down for the third day in a row. So far there is no sign that the correction is over.

DXY 4-hour chart

DXY is consolidating the recent losses below the 50 SMA.

DXY 30-minute chart

DXY is trading below its main SMAs suggesting a bearish bias in the short-term.
DXY is having a small rebound at the 97.50 level but it remains to be seen if bulls can sustain prices above 97.70/80 resistances. A break above those levels can open the gates to more gains to 98.10 level.
A slide below 97.50 would be seen as bearish and can lead to 97.20 to the downside.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.6
Today Daily Change	-0.24
Today Daily Change %	-0.25
Today daily open	97.84

Trends
Daily SMA20	97.36
Daily SMA50	96.96
Daily SMA100	96.68
Daily SMA200	96.2

Levels
Previous Daily High	98.1
Previous Daily Low	97.83
Previous Weekly High	98.34
Previous Weekly Low	97.26
Previous Monthly High	97.71
Previous Monthly Low	95.74
Daily Fibonacci 38.2%	97.93
Daily Fibonacci 61.8%	98
Daily Pivot Point S1	97.75
Daily Pivot Point S2	97.65
Daily Pivot Point S3	97.48
Daily Pivot Point R1	98.02
Daily Pivot Point R2	98.19
Daily Pivot Point R3	98.29

Author

Flavio Tosti

Independent Analyst

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