US Dollar Index Technical Analysis: Rising bets for a test of the 97.00 area

The index remains well under downside pressure and it has extended the leg lower to the vicinity of the key support at 97.00 the figure, or monthly lows.
While sellers remain in control, the key support in the 97.00 region is expected to be challenged in the next sessions.
The bearish view and the probability of extra losses remain in place as long as the Greenback trades below the 200-day SMA.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	97.22
Today Daily Change	25
Today Daily Change %	0.02
Today daily open	97.2

Trends
Daily SMA20	98.68
Daily SMA50	98.46
Daily SMA100	97.83
Daily SMA200	97.39

Levels
Previous Daily High	97.66
Previous Daily Low	97.18
Previous Weekly High	98.65
Previous Weekly Low	97.18
Previous Monthly High	99.46
Previous Monthly Low	97.99
Daily Fibonacci 38.2%	97.36
Daily Fibonacci 61.8%	97.48
Daily Pivot Point S1	97.03
Daily Pivot Point S2	96.87
Daily Pivot Point S3	96.55
Daily Pivot Point R1	97.51
Daily Pivot Point R2	97.83
Daily Pivot Point R3	97.99

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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