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

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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