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DXY Technical Analysis: The greenback clings to support area around 95.00

  • DXY remains under pressure so far this week. Today’s test of the 94.80 region (100-day SMA) and the subsequent quick rebound to the 95.00 neighbourhood highlights the relevance of this critical level.
  • In case the selling impetus gathers further traction, the greenback should meet the next support at 94.20, the 38.2% Fibo retracement of the 2017-2018 drop.
  • Immediate target on the upside is the 95.40 region, where aligns recent tops the base of the daily cloud and the 10-day SMA.

DXY daily chart

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  95.02
       Daily change:  -5.0  pips
       Daily change:  -0.0526%
       Daily Open:  95.07
Trends:
       Daily SMA20:  95.04
       Daily SMA50:  95.23
       Daily SMA100:  94.87
       Daily SMA200:  92.78
Levels:
       Daily High:  95.37
       Daily Low:  94.95
       Weekly High:  96.16
       Weekly Low:  94.95
       Monthly High:  96.16
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  95.11
       Daily Fibonacci 61.8%:  95.21
       Daily Pivot Point S1:  94.89
       Daily Pivot Point S2:  94.71
       Daily Pivot Point S3:  94.47
       Daily Pivot Point R1:  95.31
       Daily Pivot Point R2:  95.55
       Daily Pivot Point R3:  95.73

 

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