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US Dollar Index Technical Analysis: Looks to regain the 98.00 barrier and above

  • The index continues to recover ground lost following Friday’s sharp pullback to the 97.20 area, coincident with the 1-year support line and earlier August lows.
  • Further upside should put the 98.00 handle back on the radar ahead of last week’s tops in the 98.50 zone.
  • In the broader scenario, while above the 200-day SMA at 97.00, the constructive outlook is expected to remain unchanged.

DXY daily chart

Dollar Index Spot

Overview
Today last price97.94
Today Daily Change49
Today Daily Change %0.28
Today daily open97.67
 
Trends
Daily SMA2097.97
Daily SMA5097.39
Daily SMA10097.44
Daily SMA20097.01
Levels
Previous Daily High98.45
Previous Daily Low97.59
Previous Weekly High98.45
Previous Weekly Low97.59
Previous Monthly High98.68
Previous Monthly Low96.28
Daily Fibonacci 38.2%97.92
Daily Fibonacci 61.8%98.12
Daily Pivot Point S197.36
Daily Pivot Point S297.04
Daily Pivot Point S396.5
Daily Pivot Point R198.22
Daily Pivot Point R298.76
Daily Pivot Point R399.08

Author

Pablo Piovano

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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