US Dollar Index Technical Analysis: needs to regain the 200-day SMA to reassert the upside bias

The recent breakdown of the critical 200-day SMA has opened the door for a potential deeper pullback.
If this breach is sustainable, then the outlook on the buck should shift to bearish (from constructive) and the next target should emerge at the monthly low at 97.14 (October 18) ahead of the 97.00 neighbourhood.
Above the 200-day SMA, the next target of relevance is this week’s high at the 98.00 level.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.32
Today Daily Change	19
Today Daily Change %	0.00
Today daily open	97.32

Trends
Daily SMA20	98.04
Daily SMA50	98.36
Daily SMA100	97.88
Daily SMA200	97.46

Levels
Previous Daily High	97.48
Previous Daily Low	97.22
Previous Weekly High	97.9
Previous Weekly Low	97.15
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	97.32
Daily Fibonacci 61.8%	97.38
Daily Pivot Point S1	97.2
Daily Pivot Point S2	97.08
Daily Pivot Point S3	96.94
Daily Pivot Point R1	97.46
Daily Pivot Point R2	97.6
Daily Pivot Point R3	97.72

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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