- The greenback keeps pushing higher on Friday, advancing for the second week in a row and trading at shouting distance from YTD highs in levels just below the 97.00 mark.
- A breakout of the 97.00 handle should put 97.87 on the horizono, where converge a Fibo retracement of the 2017-2018 drop and June 2017 peak.
- Collaborating with the upside, the index remains above the daily cloud.
- On the broader view, the greenback should remain bid while above July’s low at 93.71.
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 96.74
Daily change: 15 pips
Daily change: 0.155%
Daily Open: 96.59
Trends:
Daily SMA20: 95.66
Daily SMA50: 95.2
Daily SMA100: 95.03
Daily SMA200: 92.97
Levels:
Daily High: 96.74
Daily Low: 96.19
Weekly High: 96.09
Weekly Low: 94.79
Monthly High: 95.74
Monthly Low: 93.81
Daily Fibonacci 38.2%: 96.53
Daily Fibonacci 61.8%: 96.4
Daily Pivot Point S1: 96.27
Daily Pivot Point S2: 95.96
Daily Pivot Point S3: 95.72
Daily Pivot Point R1: 96.82
Daily Pivot Point R2: 97.06
Daily Pivot Point R3: 97.37
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