US Dollar Index Technical Analysis: The 55-day SMA holds the downside for now

The weekly correction lower in the greenback appears to have found decent contention just ahead of the 55-day SMA near 96.30.
A breakdown of this area is expected to test the 95.80 region. Late-February lows and the critical 200-day SMA reinforce this area.
In this regard, the positive outlook on the index is expected to persist as long as the 200-day SMA underpins.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.61
    Today Daily change: 18 pips
    Today Daily change %: -0.16%
    Today Daily Open: 96.76
Trends:
    Daily SMA20: 96.7
    Daily SMA50: 96.34
    Daily SMA100: 96.58
    Daily SMA200: 95.79
Levels:
    Previous Daily High: 96.82
    Previous Daily Low: 96.46
    Previous Weekly High: 97.71
    Previous Weekly Low: 96.4
    Previous Monthly High: 97.37
    Previous Monthly Low: 95.4
    Daily Fibonacci 38.2%: 96.68
    Daily Fibonacci 61.8%: 96.6
    Daily Pivot Point S1: 96.54
    Daily Pivot Point S2: 96.32
    Daily Pivot Point S3: 96.18
    Daily Pivot Point R1: 96.9
    Daily Pivot Point R2: 97.04
    Daily Pivot Point R3: 97.26

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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