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DXY Technical Analysis: The greenback could move higher and test 96.00 near term

  • After a brief move higher to fresh tops near 95.80, the index is now shedding some ground and is returning to the 95.50 region.
  • The ongoing recovery has legs to test the critical 96.00 neighbourhood, where converge monthly tops, a retracement of the 2017-2018 drop and the resistance line off 2018 tops seen in August.
  • Further up, the 2018 tops just below 97.00 the figure should return to the investors’ radar.

DXY daily chart

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  95.51
       Daily change:  -13  pips
       Daily change:  -0.136%
       Daily Open:  95.64
Trends:
       Daily SMA20:  95.11
       Daily SMA50:  95.24
       Daily SMA100:  94.89
       Daily SMA200:  92.81
Levels:
       Daily High:  95.66
       Daily Low:  95.06
       Weekly High:  96.16
       Weekly Low:  94.95
       Monthly High:  96.16
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  95.43
       Daily Fibonacci 61.8%:  95.29
       Daily Pivot Point S1:  95.25
       Daily Pivot Point S2:  94.85
       Daily Pivot Point S3:  94.65
       Daily Pivot Point R1:  95.85
       Daily Pivot Point R2:  96.05
       Daily Pivot Point R3:  96.45

 

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