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  • DXY faded the initial optimism and is giving away part of Friday’s gains on the back of a better tone in the risk-associated space.
  • The earlier bullish attempt run out of steam in the mid-96.00s, where aligns the 10-day SMA. Ideally, the index should retake this area and above to allow a potential new visit to YTD peaks beyond the 97.00 milestone.
  • On the downside, strong contention emerges in the 96.00 neighbourhood, where converge recent lows and a Fibo retracement of the 2017-2018 drop.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  96.34
       Daily change:  -16  pips
       Daily change:  -0.166%
       Daily Open:  96.5
Trends:
       Daily SMA20:  95.99
       Daily SMA50:  95.34
       Daily SMA100:  95.18
       Daily SMA200:  93.17
Levels:
       Daily High:  96.6
       Daily Low:  95.99
       Weekly High:  97.2
       Weekly Low:  95.99
       Monthly High:  97.2
       Monthly Low:  94.79
       Daily Fibonacci 38.2%:  96.37
       Daily Fibonacci 61.8%:  96.22
       Daily Pivot Point S1:  96.13
       Daily Pivot Point S2:  95.75
       Daily Pivot Point S3:  95.52
       Daily Pivot Point R1:  96.74
       Daily Pivot Point R2:  96.97
       Daily Pivot Point R3:  97.35