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

 

 

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