US Dollar Index Technical Analysis: The ongoing correction is seen as temporary

DXY eased from recent YTD tops near 99.70 following the miserable print from the September’s US ISM manufacturing. Minor contention emerges at the 10-day SMA at 98.90 and the 21-day SMA at 98.60.
The continuation of the buying pressure in the buck should see the May 2017 high at 99.89 re-tested ahead of a visit to the psychological handle at 100.00.
The immediate bullish view in the index is expected to remain unchanged while above the key 55-day SMA, today at 98.19.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview
Today last price	99.29
Today Daily Change	24
Today Daily Change %	0.13
Today daily open	99.16

Trends
Daily SMA20	98.61
Daily SMA50	98.3
Daily SMA100	97.74
Daily SMA200	97.24

Levels
Previous Daily High	99.67
Previous Daily Low	99.07
Previous Weekly High	99.31
Previous Weekly Low	98.29
Previous Monthly High	99.46
Previous Monthly Low	97.99
Daily Fibonacci 38.2%	99.3
Daily Fibonacci 61.8%	99.44
Daily Pivot Point S1	98.93
Daily Pivot Point S2	98.7
Daily Pivot Point S3	98.33
Daily Pivot Point R1	99.53
Daily Pivot Point R2	99.9
Daily Pivot Point R3	100.13

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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