US Dollar Index Technical Analysis: Rising bets for a test of 2018 highs around 97.70

  • The index moved higher and printed fresh 2019 highs during overnight trading in the 97.25/30 band, just to ease some pips afterwards.
  • DXY thus remains poised for a visit to 2018 peaks at 97.71 recorded in late December.
  • In the meantime, the constructive outlook on the buck is expected to remain intact as long as the 200-day SMA at 95.49 underpins.

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 97.05
    Today Daily change: 20 pips
    Today Daily change %: -0.14%
    Today Daily Open: 97.19
Trends:
    Daily SMA20: 96.21
    Daily SMA50: 96.4
    Daily SMA100: 96.32
    Daily SMA200: 95.47
Levels:
    Previous Daily High: 97.19
    Previous Daily Low: 96.63
    Previous Weekly High: 96.69
    Previous Weekly Low: 95.58
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 96.98
    Daily Fibonacci 61.8%: 96.84
    Daily Pivot Point S1: 96.82
    Daily Pivot Point S2: 96.44
    Daily Pivot Point S3: 96.26
    Daily Pivot Point R1: 97.38
    Daily Pivot Point R2: 97.56
    Daily Pivot Point R3: 97.94

 

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