US Dollar Index Technical Analysis: The greenback stays supported by the 200-day SMA at 96.71


  • The sharp correction lower in the greenback sponsored by Powell and the FOMC minutes appears to have met contention in the 96.85./80 band, where sits the multi-month support line off September 2018 lows.
  • If the selling impulse gathers traction, the critical 200-day SMA at 96.71 should offer extra contention. A move to this area could threaten the constructive view on the buck.
  • In case bulls reverse the ongoing decline, interim resistance should come in at 97.59, monthly peaks so far ahead of June top at 97.80.

DXY daily chart

Dollar Index Spot

Overview
Today last price 96.93
Today Daily Change 23
Today Daily Change % -0.15
Today daily open 97.08
 
Trends
Daily SMA20 96.85
Daily SMA50 97.25
Daily SMA100 97.14
Daily SMA200 96.78
Levels
Previous Daily High 97.15
Previous Daily Low 96.79
Previous Weekly High 97.45
Previous Weekly Low 96.28
Previous Monthly High 97.81
Previous Monthly Low 95.84
Daily Fibonacci 38.2% 96.93
Daily Fibonacci 61.8% 97.01
Daily Pivot Point S1 96.86
Daily Pivot Point S2 96.65
Daily Pivot Point S3 96.5
Daily Pivot Point R1 97.22
Daily Pivot Point R2 97.37
Daily Pivot Point R3 97.58

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

EUR/USD chops around amid end-of-month flows, ahead of Trump

EUR/USD is battling 1.11, close to the two-month highs amid choppy trading. Hopes for a fiscal boost in Europe and mixed satisfactory data have supported the currency pair. , Sino-American tensions are rising and investors await President Trump's China announcement.

EUR/USD News

GBP/USD advances amid US dollar weakness, shrugging off concerns

GBP/USD is trading above 1.23, edging higher amid US dollar weakness and Britain's gradual reopening. Intensifying Sino-American tensions and the Brexit impasse are ignored. 

GBP/USD News

Cryptocurrencies: $348M in matured derivatives boost the market

Futures and options contracts' expiration brings a wave of volatility to the crypto market. Ethereum takes advantage and attacks resistances in the market dominance chart, Bitcoin goes back. Ripple disappoints despite regaining the third place in market capitalization.

Read more

Canada's economy falls by 8.2% annualized in Q1, better than expected, USD/CAD shakes

The Canadian economy squeezed by an annualized rate of 8.2% in the first quarter of 2020, better than -10% expected. Quarterly, Gross Domestic Product (GDP) squeezed by 2.1%. Most of the downfall occurred in March, with a drop of 7.2%, better than 8.5% projected. 

Read more

WTI drops 4% and eyes $32 mark amid risk-off, weakening demand

The selling pressure around WTI (July futures on Nymex) accelerates following the break below the 33 level, as bears now target the 32 support zone heading into the key US macro data and US President Donald Trump’s response to the Hong Kong issue.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures