Home US Dollar Index Technical Analysis: Further downside could see the index test the 55-day SMA at 96.40
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US Dollar Index Technical Analysis: Further downside could see the index test the 55-day SMA at 96.40

  • The index retreats from recent YTD peaks and remains under further selling pressure on the generalized better tone in the risk-associated universe.
  • The continuation of the downside mood carries the potential to drag the buck to, initially, the 55-day SMA at 96.42 ahead of the Fibo retracement of the September-December up move at 96.22.
  • The constructive bias in DXY appears unchanged while above the 95.53/34 band, where coincide the key 200-day SMA and the short-term support line.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.82
       Today Daily change:  15  pips
       Today Daily change %:  -0.05%
       Today Daily Open:  96.87
Trends:
       Daily SMA20:  96.28
       Daily SMA50:  96.4
       Daily SMA100:  96.37
       Daily SMA200:  95.51
Levels:
       Previous Daily High:  97.37
       Previous Daily Low:  96.83
       Previous Weekly High:  97.37
       Previous Weekly Low:  96.62
       Previous Monthly High:  96.96
       Previous Monthly Low:  95.03
       Daily Fibonacci 38.2%:  97.04
       Daily Fibonacci 61.8%:  97.16
       Daily Pivot Point S1:  96.68
       Daily Pivot Point S2:  96.48
       Daily Pivot Point S3:  96.14
       Daily Pivot Point R1:  97.22
       Daily Pivot Point R2:  97.56
       Daily Pivot Point R3:  97.76

 

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