Home DXY Technical Analysis: Further consolidation expected. The index needs to regain the 97.20 area and above
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DXY Technical Analysis: Further consolidation expected. The index needs to regain the 97.20 area and above

  • The greenback is prolonging the weekly sideline theme below the 97.00 handle ahead of the key US Non-farm Payrolls.
  • Further gains hinge on a convincing clear of recent tops in the 97.20 region, which should pave the way for a continuation of the up move to the mid-97.00s.
  • In the near term, the constructive outlook persists while above the support line, today at 96.50.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Today Last Price:  96.83
       Today Daily change:  6.0  pips
       Today Daily change %:  0.0620%
       Today Daily Open:  96.77
Trends:
       Previous Daily SMA20:  96.92
       Previous Daily SMA50:  96.34
       Previous Daily SMA100:  95.69
       Previous Daily SMA200:  94.03
Levels:
       Previous Daily High:  97.21
       Previous Daily Low:  96.55
       Previous Weekly High:  97.54
       Previous Weekly Low:  96.62
       Previous Monthly High:  97.7
       Previous Monthly Low:  95.68
       Previous Daily Fibonacci 38.2%:  96.8
       Previous Daily Fibonacci 61.8%:  96.96
       Previous Daily Pivot Point S1:  96.48
       Previous Daily Pivot Point S2:  96.18
       Previous Daily Pivot Point S3:  95.82
       Previous Daily Pivot Point R1:  97.14
       Previous Daily Pivot Point R2:  97.5
       Previous Daily Pivot Point R3:  97.8

 

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