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  • DXY keeps correcting lower after failing to advance further north of recent tops beyond the 96.00 milestone earlier in the week.
  • The 21-day SMA at 94.95 held the selling impetus so far. This area of support appears reinforced by the 100-day SMA at 94.86
  • The continuation of the downside could see the 38.2% Fibo retracement of the 2017-2018 drop at 94.20 tested.
  • In the meantime, the index should keep the constructive bias unchanged above 93.71, July’s low.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  95.28
       Daily change:  -24  pips
       Daily change:  -0.251%
       Daily Open:  95.52
Trends:
       Daily SMA20:  94.97
       Daily SMA50:  95.24
       Daily SMA100:  94.85
       Daily SMA200:  92.74
Levels:
       Daily High:  95.79
       Daily Low:  95.37
       Weekly High:  96.13
       Weekly Low:  95
       Monthly High:  96.13
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  95.53
       Daily Fibonacci 61.8%:  95.63
       Daily Pivot Point S1:  95.33
       Daily Pivot Point S2:  95.14
       Daily Pivot Point S3:  94.91
       Daily Pivot Point R1:  95.75
       Daily Pivot Point R2:  95.98
       Daily Pivot Point R3:  96.17