US Dollar Index Technical Analysis: Near term support emerged in the 96.80 region, 55-day SMA

The index is attempting a sideline theme so far this week in the lower bound of the recent range. Sellers, however, failed to push the buck further south of the 96.80 region, where is located the 55-day SMA.
Extra downside should face the next target at the 100-day SMA at 96.59.
In spite of the ongoing corrective decline, the positive stance on DXY remains underpinned by the critical 200-day SMA, today at 96.06.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	96.9
Today Daily Change	13
Today Daily Change %	-0.03
Today daily open	96.93

Trends
Daily SMA20	96.93
Daily SMA50	96.79
Daily SMA100	96.62
Daily SMA200	96.05

Levels
Previous Daily High	96.97
Previous Daily Low	96.79
Previous Weekly High	97.38
Previous Weekly Low	96.74
Previous Monthly High	97.71
Previous Monthly Low	95.74
Daily Fibonacci 38.2%	96.9
Daily Fibonacci 61.8%	96.86
Daily Pivot Point S1	96.82
Daily Pivot Point S2	96.72
Daily Pivot Point S3	96.64
Daily Pivot Point R1	97
Daily Pivot Point R2	97.08
Daily Pivot Point R3	97.18

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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