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  • The index is extending the positive mood on Tuesday and is approaching the critical resistance at YTD peaks in the 97.00 neighbourhood.
  • A break above 97.00 is needed to extend the move further north and target the 97.87 level, where coincide a Fibo retracement of the 2017-2018 drop and June 2017 peak.
  • The up trend in the buck is reinforced by the index trading above the daily cloud for the time being.
  • The broader picture keeps telling that DXY stays bid as long as it trades above July’s low at 93.71.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  96.84
       Daily change:  16  pips
       Daily change:  0.165%
       Daily Open:  96.68
Trends:
       Daily SMA20:  95.79
       Daily SMA50:  95.23
       Daily SMA100:  95.09
       Daily SMA200:  93.03
Levels:
       Daily High:  96.71
       Daily Low:  96.35
       Weekly High:  96.86
       Weekly Low:  95.47
       Monthly High:  95.74
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  96.57
       Daily Fibonacci 61.8%:  96.49
       Daily Pivot Point S1:  96.45
       Daily Pivot Point S2:  96.22
       Daily Pivot Point S3:  96.09
       Daily Pivot Point R1:  96.81
       Daily Pivot Point R2:  96.94
       Daily Pivot Point R3:  97.17