US Dollar technical analysis: DXY remains under pressure at multi-month lows

The US Dollar Index (DXY) remains under heavy pressure on the first day of November.
The market is challenging 97.20 support. Further weakness to the 97.00 handle can be expected below this level.

Flavio Tosti Independent Analyst

DXY daily chart

The US Dollar Index (DXY) is trading below its main daily simple moving averages (DMAs) after a dramatic drop in October.

DXY four-hour chart

On the four-hour chart, the Greenback is trading below its main SMAs, suggesting bearish momentum in the medium term. A break below 97.20 can lead to the 97.00 handle and the 96.70/60 support zone.

DXY 30-minute chart

DXY is trading below its main SMAs, suggesting a bearish bias in the near term. Resistance is seen at the 97.45 and 97.60 price levels.

Additional key levels

Dollar Index Spot

Overview
Today last price	97.22
Today Daily Change	-0.10
Today Daily Change %	-0.10
Today daily open	97.32

Trends
Daily SMA20	98.04
Daily SMA50	98.36
Daily SMA100	97.88
Daily SMA200	97.46

Levels
Previous Daily High	97.48
Previous Daily Low	97.22
Previous Weekly High	97.9
Previous Weekly Low	97.15
Previous Monthly High	99.67
Previous Monthly Low	97.15
Daily Fibonacci 38.2%	97.32
Daily Fibonacci 61.8%	97.38
Daily Pivot Point S1	97.2
Daily Pivot Point S2	97.08
Daily Pivot Point S3	96.94
Daily Pivot Point R1	97.46
Daily Pivot Point R2	97.6
Daily Pivot Point R3	97.72

Author

Flavio Tosti

Independent Analyst

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