Home US Dollar Index Technical Analysis: tied down beneath 97.50, but support found at 96.75
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US Dollar Index Technical Analysis: tied down beneath 97.50, but support found at 96.75

  • The US Dollar remains constrained under intraday whips across the broader FX space, keeping the Greenback under wraps from yesterday’s peak at 74.25

DXY Chart, 5-Minute

  • Looking further out to the past two weeks, a major higher low is running out of time to mark in a floor for the Dollar index, and the 200-period moving average is threating to become a stiff resistance level which could prevent a further move up in the USD.

DXY Chart, 30-Minute

  • While the DXY could be due for a bearish   correction, the overall trend remains firmly to the bull side, with the DXY’s interim action getting choked out by a failed downside run at the 38.2% Fibo retracement level at 96.75,.

DXY Chart, 4-Hour

Dollar Index Spot

Overview:
       Last Price:  96.98
       Daily change:  -11  pips
       Daily change:  -0.113%
       Daily Open:  97.09
Trends:
       Daily SMA20:  96.6
       Daily SMA50:  95.68
       Daily SMA100:  95.36
       Daily SMA200:  93.5
Levels:
       Daily High:  97.39
       Daily Low:  96.76
       Weekly High:  97.01
       Weekly Low:  95.68
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  97.15
       Daily Fibonacci 61.8%:  97
       Daily Pivot Point S1:  96.77
       Daily Pivot Point S2:  96.45
       Daily Pivot Point S3:  96.14
       Daily Pivot Point R1:  97.4
       Daily Pivot Point R2:  97.71
       Daily Pivot Point R3:  98.03

 

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