- The index has left the selling bias seen in the last couple of sessions and has now started the week on a strong footing amidst a rebound in the risk-off sentiment.
- As long as DXY trades above the short-term support line, today at 95.66, a move higher remains well on the cards with immediate target at last week’s interim tops in the 96.10/15 band.
- A break above this hurdle should accelerate the upside momentum and attempt to reach YTD tops just below 97.00 the figure (August 15).
- Adding to the positive outlook, the index returns to trade above the daily cloud.
DXY daily chart
Dollar Index Spot
Overview:
Last Price: 95.93
Daily change: 28 pips
Daily change: 0.293%
Daily Open: 95.65
Trends:
Daily SMA20: 94.88
Daily SMA50: 95.17
Daily SMA100: 94.79
Daily SMA200: 92.68
Levels:
Daily High: 95.95
Daily Low: 95.52
Weekly High: 96.13
Weekly Low: 95
Monthly High: 96.13
Monthly Low: 93.81
Daily Fibonacci 38.2%: 95.68
Daily Fibonacci 61.8%: 95.79
Daily Pivot Point S1: 95.46
Daily Pivot Point S2: 95.28
Daily Pivot Point S3: 95.03
Daily Pivot Point R1: 95.89
Daily Pivot Point R2: 96.14
Daily Pivot Point R3: 96.32