Home US Dollar Index Technical Analysis: Upside stalled around key Fibo retracement
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US Dollar Index Technical Analysis: Upside stalled around key Fibo retracement

  • DXY managed to climb and test fresh weekly tops in the 96.75/80 band, where is located the 23.6% Fibo retracement of the September-December up move, although it run out of legs soon afterwards.
  • The index needs to surpass this area to allow a potential visit to YTD peaks in levels just shy of 97.00 the figure (January 2).
  • On the downside, a significant support emerges near the 96.00 mark, where coincide recent lows, the 21-day SMA and the 100-day SMA.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.46
       Today Daily change:  -0.08  pips
       Today Daily change %:  -0.08%
       Today Daily Open:  96.54
Trends:
       Daily SMA20:  96.09
       Daily SMA50:  96.59
       Daily SMA100:  96.11
       Daily SMA200:  95.15
Levels:
       Previous Daily High:  96.68
       Previous Daily Low:  96.04
       Previous Weekly High:  96.4
       Previous Weekly Low:  95.47
       Previous Monthly High:  97.71
       Previous Monthly Low:  96.06
       Daily Fibonacci 38.2%:  96.44
       Daily Fibonacci 61.8%:  96.28
       Daily Pivot Point S1:  96.16
       Daily Pivot Point S2:  95.78
       Daily Pivot Point S3:  95.52
       Daily Pivot Point R1:  96.8
       Daily Pivot Point R2:  97.06
       Daily Pivot Point R3:  97.44

 

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