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  • The index reverted the initial negative mood and is now challenging tops in the vicinity of 96.70, offsetting Friday’s pullback.
  • A break above YTD peaks just below the 97.00 milestone should put 97.87 on the horizon, where we can see a Fibo retracement of the 2017-2018 drop and June 2017 peak.
  • Sustaining the buck’s rally, the index is extending the move above the daily cloud.
  • Further out, DXY stays bid as long as July’s low at 93.71 underpins.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  96.62
       Daily change:  21  pips
       Daily change:  0.218%
       Daily Open:  96.41
Trends:
       Daily SMA20:  95.72
       Daily SMA50:  95.21
       Daily SMA100:  95.06
       Daily SMA200:  93
Levels:
       Daily High:  96.86
       Daily Low:  96.28
       Weekly High:  96.86
       Weekly Low:  95.47
       Monthly High:  95.74
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  96.5
       Daily Fibonacci 61.8%:  96.64
       Daily Pivot Point S1:  96.17
       Daily Pivot Point S2:  95.94
       Daily Pivot Point S3:  95.59
       Daily Pivot Point R1:  96.75
       Daily Pivot Point R2:  97.1
       Daily Pivot Point R3:  97.33