US Dollar Index Technical Analysis: Rally stays well and sound above 98.00. Contention emerges at the Fibo retracement near 97.90

  • The upbeat note in the greenback remains intact so far this week and DXY manages well to keep the trade above the 98.00 barrier for the time being.
  • Immediately above emerges the mid-100.00s as the next significant hurdle, where is located a Fibo retracement of the 2017-2018 drown move.
  • In the meantime, occasional selling attempts should meet initial contention at 97.89, another Fibo retracement, while the outlook on the index stays constructive as long as the critical 200-day SMA at 96.13 underpins.

DXY daily chart

Dollar Index Spot

Today last price 98.14
Today Daily Change 12
Today Daily Change % -0.04
Today daily open 98.18
Daily SMA20 97.29
Daily SMA50 96.92
Daily SMA100 96.66
Daily SMA200 96.17
Previous Daily High 98.33
Previous Daily Low 97.99
Previous Weekly High 97.49
Previous Weekly Low 96.79
Previous Monthly High 97.71
Previous Monthly Low 95.74
Daily Fibonacci 38.2% 98.2
Daily Fibonacci 61.8% 98.12
Daily Pivot Point S1 98
Daily Pivot Point S2 97.83
Daily Pivot Point S3 97.66
Daily Pivot Point R1 98.34
Daily Pivot Point R2 98.51
Daily Pivot Point R3 98.68



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