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  • The greenback, tracked by the DXY, has resumed the downside at the beginning of the week and is now flirting with the key 21-day SMA near 96.40.
  • The continuation of the selling bias should see the Fibo retracement of the September-December up move at 96.22 retested.
  • In the meantime, the outlook on the index is expected to remain constructive while above the short-term support line, today at 95.40 and the 200-day SMA at 95.61.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.39
       Today Daily change:  17  pips
       Today Daily change %:  -0.17%
       Today Daily Open:  96.55
Trends:
       Daily SMA20:  96.38
       Daily SMA50:  96.35
       Daily SMA100:  96.42
       Daily SMA200:  95.59
Levels:
       Previous Daily High:  96.78
       Previous Daily Low:  96.43
       Previous Weekly High:  97.08
       Previous Weekly Low:  96.29
       Previous Monthly High:  96.96
       Previous Monthly Low:  95.03
       Daily Fibonacci 38.2%:  96.56
       Daily Fibonacci 61.8%:  96.65
       Daily Pivot Point S1:  96.39
       Daily Pivot Point S2:  96.24
       Daily Pivot Point S3:  96.04
       Daily Pivot Point R1:  96.74
       Daily Pivot Point R2:  96.94
       Daily Pivot Point R3:  97.09