US Dollar Index Technical Analysis: The greenback still targets the 96.30 area and above

The index is extending the rebound from last week’s lows and is once again facing important resistance in the 96.20/30 band.
This area is supported by the 21-day SMA, today at 96.15, and the 38.2% Fibo retracement of the September-December up move, at 96.22.
DXY has so far returned to the previous multi-week 95.70-97.70 range and extra gains should now retake the 96.60/80 band, where converge the 55-day SMA and another Fibo retracement.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.11
    Today Daily change: 1 pips
    Today Daily change %: 0.0208%
    Today Daily Open: 96.09
Trends:
    Daily SMA20: 96.19
    Daily SMA50: 96.66
    Daily SMA100: 96.05
    Daily SMA200: 94.99
Levels:
    Previous Daily High: 96.27
    Previous Daily Low: 95.99
    Previous Weekly High: 96.12
    Previous Weekly Low: 95.03
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Daily Fibonacci 38.2%: 96.1
    Daily Fibonacci 61.8%: 96.16
    Daily Pivot Point S1: 95.96
    Daily Pivot Point S2: 95.84
    Daily Pivot Point S3: 95.68
    Daily Pivot Point R1: 96.24
    Daily Pivot Point R2: 96.4
    Daily Pivot Point R3: 96.52

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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