Home DXY Technical Analysis: The index pierced the key support line in the 96.40 region and bounced above 97.00
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DXY Technical Analysis: The index pierced the key support line in the 96.40 region and bounced above 97.00

  • Following yesterday’s deep pullback and test of the key support line, the index managed to rebound and retake the critical barrier at 97.00 the figure.
  • Despite the bounce, the greenback stays somewhat vulnerable and another visit of the 96.00 neighbourhood is not ruled out in the near term. In this area emerge a Fibo retracement of the 2017-2018 drop and late-November lows.
  • On the upside, there are no relevant hurdles until late-November’s peaks beyond 97.50.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Today Last Price:  97.01
       Today Daily change:  5.0  pips
       Today Daily change %:  0.0516%
       Today Daily Open:  96.96
Trends:
       Previous Daily SMA20:  96.88
       Previous Daily SMA50:  96.25
       Previous Daily SMA100:  95.66
       Previous Daily SMA200:  93.97
Levels:
       Previous Daily High:  97.12
       Previous Daily Low:  96.37
       Previous Weekly High:  97.54
       Previous Weekly Low:  96.62
       Previous Monthly High:  97.7
       Previous Monthly Low:  95.68
       Previous Daily Fibonacci 38.2%:  96.83
       Previous Daily Fibonacci 61.8%:  96.66
       Previous Daily Pivot Point S1:  96.51
       Previous Daily Pivot Point S2:  96.07
       Previous Daily Pivot Point S3:  95.76
       Previous Daily Pivot Point R1:  97.26
       Previous Daily Pivot Point R2:  97.57
       Previous Daily Pivot Point R3:  98.01

 

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