Home US Dollar Index Technical Analysis: Rising odds for a test of YTD peaks near the 97.00 handle
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US Dollar Index Technical Analysis: Rising odds for a test of YTD peaks near the 97.00 handle

  • The greenback is extending its upside momentum so far this week, retaking the mid-96.00s and opening the door for a potential move higher in the short-term horizon.
  • DXY has quickly reverted Monday’s retracement and has now resumed the upside to fresh 3-week tops near 96.50.
  • Extra gains should face interim hurdle at the 55-day SMA, today at 96.60, ahead of the 23.6% Fibo retracement of the September-December up move at 96.79.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.37
       Today Daily change:  0.03  pips
       Today Daily change %:  0.03%
       Today Daily Open:  96.34
Trends:
       Daily SMA20:  96.15
       Daily SMA50:  96.64
       Daily SMA100:  96.08
       Daily SMA200:  95.05
Levels:
       Previous Daily High:  96.43
       Previous Daily Low:  96.21
       Previous Weekly High:  96.4
       Previous Weekly Low:  95.47
       Previous Monthly High:  97.71
       Previous Monthly Low:  96.06
       Daily Fibonacci 38.2%:  96.35
       Daily Fibonacci 61.8%:  96.29
       Daily Pivot Point S1:  96.22
       Daily Pivot Point S2:  96.11
       Daily Pivot Point S3:  96
       Daily Pivot Point R1:  96.44
       Daily Pivot Point R2:  96.55
       Daily Pivot Point R3:  96.66

 

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