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DXY Technical Analysis: The area above 96.00 emerges as a formidable resistance

  • DXY has once again tested the area above 96.00 the figure but lacked of follow through, prompting the ongoing retracement along with a similar performance in yields of the US 10-year note.
  • The constructive outlook in the buck stays unchanged as long as the short-term support line underpins, today at 95.63.
  • A close above recent peaks in the 96.10/15 band seems needed in order to attempt another visit of 2018 peaks just below 97.00 the figure (August 15).
  • Collaborating with the positive view, DXY keeps trading above the daily cloud.

DXY   daily chart

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Last Price:  95.82
       Daily change:  5.0  pips
       Daily change:  0.0522%
       Daily Open:  95.77
Trends:
       Daily SMA20:  94.91
       Daily SMA50:  95.2
       Daily SMA100:  94.81
       Daily SMA200:  92.7
Levels:
       Daily High:  96.03
       Daily Low:  95.6
       Weekly High:  96.13
       Weekly Low:  95
       Monthly High:  96.13
       Monthly Low:  93.81
       Daily Fibonacci 38.2%:  95.87
       Daily Fibonacci 61.8%:  95.76
       Daily Pivot Point S1:  95.57
       Daily Pivot Point S2:  95.37
       Daily Pivot Point S3:  95.14
       Daily Pivot Point R1:  96
       Daily Pivot Point R2:  96.23
       Daily Pivot Point R3:  96.43

 

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