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US Dollar Index Technical Analysis: DXY 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 a key bear target.  

DXY 30-minute chart

  • DXY is trading below the main SMAs suggesting a bearish bias  in the short-term.
  • Bears will likely try to break below 96.40 to get to 96.10, 95.90 and  95.40 to the downside.
  • To the upside, resistances are located at 96.70 and 96.90 level.

Additional key levels

Dollar Index Spot

Overview:
       Today Last Price:  96.44
       Today Daily change %:  -0.11%
       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

 

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