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.

Pablo Piovano FXStreet

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

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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