Home US Dollar Index Technical Analysis: Correction lower in DXY should meet initial support at the 55-day SMA at 96.41
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US Dollar Index Technical Analysis: Correction lower in DXY should meet initial support at the 55-day SMA at 96.41

  • DXY clinched fresh yearly highs at 97.20 on Tuesday, although sellers turned up soon afterwards, sponsoring the ongoing knee-jerk.
  • Initial contention emerges at the 96.40 region, where sits the key 55-day SMA, while the constructive bias is seen unchanged as long as the200-day SMA near 95.50 underpins.
  • A surpass of recent YTD peaks should focus the attention on 2018 highs around 97.70.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.71
       Today Daily change:  10  pips
       Today Daily change %:  -0.03%
       Today Daily Open:  96.74
Trends:
       Daily SMA20:  96.16
       Daily SMA50:  96.39
       Daily SMA100:  96.29
       Daily SMA200:  95.45
Levels:
       Previous Daily High:  97.2
       Previous Daily Low:  96.65
       Previous Weekly High:  96.69
       Previous Weekly Low:  95.58
       Previous Monthly High:  96.96
       Previous Monthly Low:  95.03
       Daily Fibonacci 38.2%:  96.86
       Daily Fibonacci 61.8%:  96.99
       Daily Pivot Point S1:  96.53
       Daily Pivot Point S2:  96.31
       Daily Pivot Point S3:  95.98
       Daily Pivot Point R1:  97.08
       Daily Pivot Point R2:  97.41
       Daily Pivot Point R3:  97.63

 

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