Home DXY Technical Analysis: A deeper pullback in the greenback should meet support in the 96.00 area
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DXY Technical Analysis: A deeper pullback in the greenback should meet support in the 96.00 area

  • The index is accelerating the downside today, trading in the 96.40/30 band ahead of the critical support in the 96.00 neighbourhood.
  • In this important area of support converge a Fibo retracement of the 2017-2018 drop, early October’s peaks and this week’s lows.
  • In the meantime, the constructive bias in the buck should remain unchanged while above the short-term support line, today at 96.14.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  96.47
       Daily change:  -25  pips
       Daily change:  -0.258%
       Daily Open:  96.72
Trends:
       Daily SMA20:  96.7
       Daily SMA50:  95.79
       Daily SMA100:  95.43
       Daily SMA200:  93.64
Levels:
       Daily High:  96.87
       Daily Low:  96.49
       Weekly High:  97.7
       Weekly Low:  96.4
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  96.64
       Daily Fibonacci 61.8%:  96.72
       Daily Pivot Point S1:  96.52
       Daily Pivot Point S2:  96.31
       Daily Pivot Point S3:  96.14
       Daily Pivot Point R1:  96.9
       Daily Pivot Point R2:  97.07
       Daily Pivot Point R3:  97.28

 

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