Home DXY Technical Analysis: The greenback met support at the 21-day SMA around 96.80 so far
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DXY Technical Analysis: The greenback met support at the 21-day SMA around 96.80 so far

  • After two consecutive daily pullbacks, the greenback is now posting some gains amidst some deterioration in the risk-associated universe.
  • The index extended the weekly correction lower following Wednesday’s bearish ‘outside day’, although decent support emerged in the 96.80 region, where sits the 21-day SMA.
  • Further upside is thus likely as long as the short-term support line at 96.46 underpins, with the immediate target at YTD peaks near 97.70.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
       Today Last Price:  96.91
       Today Daily change:  15  pips
       Today Daily change %:  0.155%
       Today Daily Open:  96.76
Trends:
       Previous Daily SMA20:  96.77
       Previous Daily SMA50:  96.08
       Previous Daily SMA100:  95.59
       Previous Daily SMA200:  93.86
Levels:
       Previous Daily High:  97
       Previous Daily Low:  96.62
       Previous Weekly High:  96.98
       Previous Weekly Low:  96.04
       Previous Monthly High:  97.2
       Previous Monthly Low:  94.79
       Previous Daily Fibonacci 38.2%:  96.77
       Previous Daily Fibonacci 61.8%:  96.85
       Previous Daily Pivot Point S1:  96.59
       Previous Daily Pivot Point S2:  96.41
       Previous Daily Pivot Point S3:  96.21
       Previous Daily Pivot Point R1:  96.97
       Previous Daily Pivot Point R2:  97.17
       Previous Daily Pivot Point R3:  97.35

 

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