US Dollar Index Technical Analysis: The 55-day SMA at 98.36 expected to hold the downside

  • DXY has exacerbated the downside after breaching the key support at 99.00 the figure, dropping to the area of fresh 2-week lows.
  • The continuation of the selling impetus carries the potential to spark a deeper pullback to the 55-day SMA at 98.36, where it is expected to lose traction.
  • However, a break below this area on a sustainable fashion could pave the way for a shift to a bearish view, with initial target at the 100-day SMA, today at 97.79.

DXY daily chart

Dollar Index Spot

Today last price 98.61
Today Daily Change 23
Today Daily Change % -0.11
Today daily open 98.72
Daily SMA20 98.8
Daily SMA50 98.42
Daily SMA100 97.82
Daily SMA200 97.32
Previous Daily High 99.13
Previous Daily Low 98.62
Previous Weekly High 99.67
Previous Weekly Low 98.63
Previous Monthly High 99.46
Previous Monthly Low 97.99
Daily Fibonacci 38.2% 98.81
Daily Fibonacci 61.8% 98.94
Daily Pivot Point S1 98.52
Daily Pivot Point S2 98.31
Daily Pivot Point S3 98.01
Daily Pivot Point R1 99.03
Daily Pivot Point R2 99.33
Daily Pivot Point R3 99.54



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