US Dollar Index Technical Analysis: Scope for a retracement to the Fibo retracement at 97.87


  • DXY has resumed the downside and is now challenging the key support at 98.00 the figure.
  • A deeper pullback should see the 97.90/85 band retested, where coincide a Fibo retracement and weekly lows.
  • Looking at the broader picture, while above the critical 200-day SMA at 97.11, the constructive bias should remain unchanged.

DXY daily chart

Dollar Index Spot

Overview
Today last price 98.09
Today Daily Change 39
Today Daily Change % -0.28
Today daily open 98.37
 
Trends
Daily SMA20 98.37
Daily SMA50 97.9
Daily SMA100 97.6
Daily SMA200 97.13
Levels
Previous Daily High 99.11
Previous Daily Low 98.19
Previous Weekly High 99.38
Previous Weekly Low 98.08
Previous Monthly High 99.02
Previous Monthly Low 97.21
Daily Fibonacci 38.2% 98.54
Daily Fibonacci 61.8% 98.76
Daily Pivot Point S1 98
Daily Pivot Point S2 97.64
Daily Pivot Point S3 97.08
Daily Pivot Point R1 98.92
Daily Pivot Point R2 99.48
Daily Pivot Point R3 99.84

 

 

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