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DXY Technical Analysis: The greenback faces formidable resistance just above 96.00

  • DXY has once again failed to extend the breakout of the critical 96.00 milestone on sustainable basis today, although it remains lingering over that key level so far.
  • The greenback needs to advance beyond the low-96.00s, where coincide recent peaks, a Fibo retracement of the 2017-2018 drop at 96.04 and the short term resistance line, today at 96.16.
  • If the up move gathers serious traction, the YTD peak in levels just shy of 97.00 the figure should emerge on the horizon.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  95.98
       Daily change:  -5.0  pips
       Daily change:  -0.0521%
       Daily Open:  96.03
Trends:
       Daily SMA20:  95.38
       Daily SMA50:  95.22
       Daily SMA100:  94.95
       Daily SMA200:  92.88
Levels:
       Daily High:  96.09
       Daily Low:  95.47
       Weekly High:  96.09
       Weekly Low:  94.79
       Monthly High:  95.74
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  95.85
       Daily Fibonacci 61.8%:  95.71
       Daily Pivot Point S1:  95.64
       Daily Pivot Point S2:  95.24
       Daily Pivot Point S3:  95.02
       Daily Pivot Point R1:  96.26
       Daily Pivot Point R2:  96.48
       Daily Pivot Point R3:  96.88

 

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