US Dollar Index Technical Analysis: Leg lower expected to hold on near 96.70

  • DXY has started the week on a choppy fashion and it has now resumed the downside below the key support at 97.00 the figure.
  • That said, the area of recent lows at 96.75 in combination with the 55-day SMA at 96.72 should hold the initial test.
  • The current pullback is seen as corrective only, and the positive bias on the buck should remain unchanged while above the critical 200-day SMA, today at 96.07.

DXY daily chart

Dollar Index Spot

Overview
Today last price 96.86
Today Daily Change 26
Today Daily Change % -0.24
Today daily open 97.09
 
Trends
Daily SMA20 96.97
Daily SMA50 96.81
Daily SMA100 96.62
Daily SMA200 96.07
Levels
Previous Daily High 97.09
Previous Daily Low 96.88
Previous Weekly High 97.38
Previous Weekly Low 96.74
Previous Monthly High 97.71
Previous Monthly Low 95.74
Daily Fibonacci 38.2% 97.01
Daily Fibonacci 61.8% 96.96
Daily Pivot Point S1 96.95
Daily Pivot Point S2 96.81
Daily Pivot Point S3 96.74
Daily Pivot Point R1 97.16
Daily Pivot Point R2 97.23
Daily Pivot Point R3 97.37

 

 

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