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  • 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

       Last Price:  95.93
       Daily change:  28  pips
       Daily change:  0.293%
       Daily Open:  95.65
       Daily SMA20:  94.88
       Daily SMA50:  95.17
       Daily SMA100:  94.79
       Daily SMA200:  92.68
       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