US Dollar Index Technical Analysis: DXY remains vulnerable to the downside

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DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages (SMAs). 

DXY 4-hour chart

  • The head-and-shoulders pattern suggests further weakness ahead with 95.40 as main support. 
  • Resistances are at 96.70 and 97.10 level.

DXY 30-minute chart

  • DXY is trading between the 100 and 200 SMAs suggesting a sideways market in the short-term.
  • Bears will likely attempt to break below 96.40 to reach 96.10, 95.90 and 95.40 to the downside.
  • Looking north, resistances are at 96.70 and 96.90 level.

 

Additional key levels:

Dollar Index Spot

Overview:
    Today Last Price: 96.59
    Today Daily change: 4 ticks
    Today Daily change %: 0.04%
    Today Daily Open: 96.55
Trends:
    Daily SMA20: 96.34
    Daily SMA50: 96.37
    Daily SMA100: 96.41
    Daily SMA200: 95.56
Levels:
    Previous Daily High: 96.65
    Previous Daily Low: 96.29
    Previous Weekly High: 97.37
    Previous Weekly Low: 96.62
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 96.51
    Daily Fibonacci 61.8%: 96.43
    Daily Pivot Point S1: 96.34
    Daily Pivot Point S2: 96.14
    Daily Pivot Point S3: 95.98
    Daily Pivot Point R1: 96.7
    Daily Pivot Point R2: 96.86
    Daily Pivot Point R3: 97.06

 

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