Home US Dollar Index Technical Analysis: Decent support emerged in the low-95.00s
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US Dollar Index Technical Analysis: Decent support emerged in the low-95.00s

  • DXY met strong support in the 95.20/15 band on Thursday after dip-buyers re-emerged and motivated the buck to partially regain ground lost post-FOMC meeting.
  • In this context, the key 200-day SMA in the 95.30 region should hold the initial test.
  • A loss of this key area should open the door for a potential retracement to YTD lows in the 95.00 neighbourhood.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  95.58
       Today Daily change:  0.02  pips
       Today Daily change %:  0.02%
       Today Daily Open:  95.56
Trends:
       Daily SMA20:  95.9
       Daily SMA50:  96.49
       Daily SMA100:  96.14
       Daily SMA200:  95.28
Levels:
       Previous Daily High:  95.62
       Previous Daily Low:  95.16
       Previous Weekly High:  96.68
       Previous Weekly Low:  95.75
       Previous Monthly High:  96.96
       Previous Monthly Low:  95.03
       Daily Fibonacci 38.2%:  95.44
       Daily Fibonacci 61.8%:  95.34
       Daily Pivot Point S1:  95.27
       Daily Pivot Point S2:  94.99
       Daily Pivot Point S3:  94.81
       Daily Pivot Point R1:  95.73
       Daily Pivot Point R2:  95.91
       Daily Pivot Point R3:  96.19

 

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