Home US Dollar Index Technical Analysis: The index expected to stay sidelined below 96.00
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US Dollar Index Technical Analysis: The index expected to stay sidelined below 96.00

  • The index is now prolonging the weekly rangebound theme in sub-96.00 levels amidst increasing cautiousness ahead of the FOMC gathering due later in the session.
  • The short-term resistance line, today at 96.54, continues to cap occasional bullish attempts, leaving the probability of further downside well on the cards.
  • That said, contention is seen emerging at weekly lows at 95.62 ahead of the key 200-day SMA at 95.27 and YTD lows in the 95.00 neighbourhood.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  95.82
       Today Daily change:  -0.01  pips
       Today Daily change %:  -0.01%
       Today Daily Open:  95.83
Trends:
       Daily SMA20:  96
       Daily SMA50:  96.54
       Daily SMA100:  96.13
       Daily SMA200:  95.24
Levels:
       Previous Daily High:  95.87
       Previous Daily Low:  95.62
       Previous Weekly High:  96.68
       Previous Weekly Low:  95.75
       Previous Monthly High:  97.71
       Previous Monthly Low:  96.06
       Daily Fibonacci 38.2%:  95.77
       Daily Fibonacci 61.8%:  95.72
       Daily Pivot Point S1:  95.68
       Daily Pivot Point S2:  95.52
       Daily Pivot Point S3:  95.43
       Daily Pivot Point R1:  95.93
       Daily Pivot Point R2:  96.02
       Daily Pivot Point R3:  96.18

 

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