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  • The sharp sell-off in the buck on Wednesday following dovish comments from Fed’s Powell met support in the 96.60 region, just above the short-term support line, today at 96.38.
  • The positive stance should remain well and sound while above this level, although yesterday’s bearish ‘outside day’ prompts some caution ahead.
  • In the meantime, a visit to 2018 peaks near 97.70 remains well on the cards for the time being. The main risk facing this scenario stems from a potential upbeat tone in the Trump-Xi meeting and the subsequent easing of trade concerns.

DXY daily chart














Dollar Index Spot

       Today Last Price:  96.99
       Today Daily change:  13  pips
       Today Daily change %:  0.134%
       Today Daily Open:  96.86
       Previous Daily SMA20:  96.75
       Previous Daily SMA50:  96.02
       Previous Daily SMA100:  95.57
       Previous Daily SMA200:  93.83
       Previous Daily High:  97.54
       Previous Daily Low:  96.69
       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%:  97.01
       Previous Daily Fibonacci 61.8%:  97.22
       Previous Daily Pivot Point S1:  96.52
       Previous Daily Pivot Point S2:  96.18
       Previous Daily Pivot Point S3:  95.67
       Previous Daily Pivot Point R1:  97.37
       Previous Daily Pivot Point R2:  97.88
       Previous Daily Pivot Point R3:  98.22