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DXY Technical Analysis: Dollar under pressure. Interim support emerges around the 96.00 area

  • Despite yesterday’s positive performance, the greenback remains under pressure so far this week.
  • Key contention area still emerges around the 96.00 neighbourhood, where coincide a Fibo retracement of the 2017-2018 drop, the 21-day SMA and early October’s peaks.
  • Looking at the broader picture, the positive stance bias should remain intact as long as 93.71 underpins (July low).

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  96.15
       Daily change:  -5.0  pips
       Daily change:  -0.0520%
       Daily Open:  96.2
Trends:
       Daily SMA20:  96.08
       Daily SMA50:  95.44
       Daily SMA100:  95.22
       Daily SMA200:  93.28
Levels:
       Daily High:  96.47
       Daily Low:  95.68
       Weekly High:  97.2
       Weekly Low:  95.99
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  95.98
       Daily Fibonacci 61.8%:  96.17
       Daily Pivot Point S1:  95.76
       Daily Pivot Point S2:  95.33
       Daily Pivot Point S3:  94.97
       Daily Pivot Point R1:  96.55
       Daily Pivot Point R2:  96.91
       Daily Pivot Point R3:  97.34

 

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