US Dollar Index Technical Analysis: Remains depressed and could visit the 97.00 area

DXY broke below the 200-day SMA and accelerated the downside.
The 97.00 area now emerges on the horizon.

Pablo Piovano FXStreet

The index remains under heavy downside pressure so far this week.

The recent breakdown of the key 200-day SMA in the 97.60/65 band has opened the door for a deeper retracement to, initially, October and November peaks in the low-97.00s ahead of 97.03 (August low).

Occasional bullish attempts should meet minor hurdle at the 98.13/18 band, where coincide the 100-day and 55-day SMAs.

Dollar Index Spot

Overview
Today last price	97.51
Today Daily Change	11
Today Daily Change %	-0.11
Today daily open	97.62

Trends
Daily SMA20	98.11
Daily SMA50	98.17
Daily SMA100	98.15
Daily SMA200	97.66

Levels
Previous Daily High	97.79
Previous Daily Low	97.41
Previous Weekly High	98.54
Previous Weekly Low	98.17
Previous Monthly High	98.54
Previous Monthly Low	97.16
Daily Fibonacci 38.2%	97.56
Daily Fibonacci 61.8%	97.64
Daily Pivot Point S1	97.42
Daily Pivot Point S2	97.23
Daily Pivot Point S3	97.04
Daily Pivot Point R1	97.8
Daily Pivot Point R2	97.99
Daily Pivot Point R3	98.18

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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