US Dollar Index Technical Analysis: Pullbacks seen faltering near the 200-day SMA at 96.80

DXY came under renewed and moderate selling pressure on Wednesday, failing once again to advanced further north of 97.50.
The leg lower, however, is expected to meet strong contention in the 96.80/88 band, where sit the 200-day SMA and the multi-month support line.
If the selling impetus gathers pace, the June 17 low at 96.46 should return to the traders’ radar.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.08
Today Daily Change	16
Today Daily Change %	-0.13
Today daily open	97.21

Trends
Daily SMA20	96.77
Daily SMA50	97.21
Daily SMA100	97.17
Daily SMA200	96.8

Levels
Previous Daily High	97.45
Previous Daily Low	97.16
Previous Weekly High	97.59
Previous Weekly Low	96.79
Previous Monthly High	97.81
Previous Monthly Low	95.84
Daily Fibonacci 38.2%	97.27
Daily Fibonacci 61.8%	97.34
Daily Pivot Point S1	97.1
Daily Pivot Point S2	96.98
Daily Pivot Point S3	96.81
Daily Pivot Point R1	97.39
Daily Pivot Point R2	97.56
Daily Pivot Point R3	97.68

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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