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  • The rally around the greenback remains well and sound on Wednesday, prompting DXY to advance beyond 97.00 the figure and clinch fresh yearly peaks near 97.20, levels last seen in June 2017.
  • The continuation of the up move should meet the next resistance at 97.87, where we can see a Fibo retracement of the 2017-2018 drop and June 2017 peak.
  • Collaborating with the upside, the index keeps trading above the daily coud and is expected to remain bid as long as July’s low at 93.71 holds.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  97.06
       Daily change:  6.0  pips
       Daily change:  0.0619%
       Daily Open:  97
Trends:
       Daily SMA20:  95.86
       Daily SMA50:  95.26
       Daily SMA100:  95.12
       Daily SMA200:  93.06
Levels:
       Daily High:  97.02
       Daily Low:  96.62
       Weekly High:  96.86
       Weekly Low:  95.47
       Monthly High:  95.74
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  96.87
       Daily Fibonacci 61.8%:  96.77
       Daily Pivot Point S1:  96.74
       Daily Pivot Point S2:  96.48
       Daily Pivot Point S3:  96.34
       Daily Pivot Point R1:  97.14
       Daily Pivot Point R2:  97.28
       Daily Pivot Point R3:  97.54