US Dollar Index Technical Analysis: The 55-day SMA at 97.80 holds the downside so far

DXY has managed to bounce off Friday’s lows in the 97.90/85 band, where is located the 61.8% Fibo retracement of the 2017-2018 down move.
If the selling pressure intensifies, the decline should meet strong contention at 97.80, where today sits the key 55-day SMA. This area of support is also reinforced by the short-term support line around 97.70.
Looking at the broader picture, while above the critical 200-day SMA at 97.11, the constructive bias should remain unchanged.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.24
Today Daily Change	28
Today Daily Change %	0.04
Today daily open	98.2

Trends
Daily SMA20	98.37
Daily SMA50	97.92
Daily SMA100	97.6
Daily SMA200	97.13

Levels
Previous Daily High	98.42
Previous Daily Low	97.99
Previous Weekly High	99.11
Previous Weekly Low	97.99
Previous Monthly High	99.02
Previous Monthly Low	97.21
Daily Fibonacci 38.2%	98.15
Daily Fibonacci 61.8%	98.26
Daily Pivot Point S1	97.99
Daily Pivot Point S2	97.77
Daily Pivot Point S3	97.56
Daily Pivot Point R1	98.42
Daily Pivot Point R2	98.63
Daily Pivot Point R3	98.85

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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