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. 
 

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

 

 

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