- The index is recovering the smile on Tuesday following a multi-session decline to the vicinity of the key 96.00 handle and at the same time challenging the key short-term support line near 96.20.
- The greenback remains vulnerable, although the 96.00 neighbourhood is expected to hold the initial test. In this area converges early October highs and the 50% Fibo of the 2017-2018 drop.
- Looking up, the 21-day SMA at 96.60 emerges as the initial hurdle ahead of the 10-day SMA at 96.71, considered the last defence of a visit to YTD peaks near 97.70 (November 12).
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 96.28
Daily change: 9.0 pips
Daily change: 0.0936%
Daily Open: 96.19
Trends:
Daily SMA20: 96.64
Daily SMA50: 95.72
Daily SMA100: 95.39
Daily SMA200: 93.56
Levels:
Daily High: 96.57
Daily Low: 96.11
Weekly High: 97.7
Weekly Low: 96.4
Monthly High: 97.2
Monthly Low: 94.79
Daily Fibonacci 38.2%: 96.29
Daily Fibonacci 61.8%: 96.39
Daily Pivot Point S1: 96.01
Daily Pivot Point S2: 95.83
Daily Pivot Point S3: 95.55
Daily Pivot Point R1: 96.47
Daily Pivot Point R2: 96.75
Daily Pivot Point R3: 96.93
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