US Dollar Index Technical Analysis: Upside in DXY faces resistance around 96.50

DXY has faded Tuesday’s up move to the mid-96.00s, clinching at the same time fresh 3-week highs, and has now returned to the new comfort zone around 96.30.
The greenback now needs to surpass the 96.60 level, where sits the 55-day SMA, and the 23.6% Fibo retracement of the September-December up move at 96.79 to allow for a re-test of 2019 highs in the boundaries of 97.00 the figure.
On the downside, the 96.10/96.00 band emerges as a key support, where converge the 21-, 100- and 10-day SMAs

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.3
    Today Daily change: -0.03 pips
    Today Daily change %: -0.03%
    Today Daily Open: 96.33
Trends:
    Daily SMA20: 96.14
    Daily SMA50: 96.62
    Daily SMA100: 96.09
    Daily SMA200: 95.09
Levels:
    Previous Daily High: 96.49
    Previous Daily Low: 96.21
    Previous Weekly High: 96.4
    Previous Weekly Low: 95.47
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Daily Fibonacci 38.2%: 96.32
    Daily Fibonacci 61.8%: 96.38
    Daily Pivot Point S1: 96.2
    Daily Pivot Point S2: 96.06
    Daily Pivot Point S3: 95.92
    Daily Pivot Point R1: 96.48
    Daily Pivot Point R2: 96.62
    Daily Pivot Point R3: 96.76

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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