US Dollar Technical Analysis: DXY bears bracing for the drop to 95.70 target

DXY daily chart 

DXY 4-hour chart

  • The market rejected the 200 SMA and it is now testing the 50 SMA.

DXY 30-minute chart

  • Bears broke below 96.30 support and the 200 SMA suggesting bearish momentum.
  • When 96.00 figure gets broken to the downside, the market should continue its decline towards 95.70 bear target. 
  • Resistance to the upside is seen at the 95.70 and 96.50 level.

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 96.14
    Today Daily change: -19 pips
    Today Daily change %: -0.20%
    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

 

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