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  • The index keeps correcting lower following last week’s new 2019 highs in the 97.70/75 band and is currently challenging the cirtical support at 97.00 the figure.
  • Extra losses are likely in the current scenario of risk-on trade and are expected to meet initial contention in the 96.80/70 band, where converge the 10-day and 21-day SMAs.
  • In spite of the ongoing correction lower, the constructive outlook in DXY is seen unchanged above the critical 200-day SMA, today at 95.75.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.96
       Today Daily change:  18  pips
       Today Daily change %:  -0.22%
       Today Daily Open:  97.17
Trends:
       Daily SMA20:  96.74
       Daily SMA50:  96.32
       Daily SMA100:  96.56
       Daily SMA200:  95.74
Levels:
       Previous Daily High:  97.45
       Previous Daily Low:  97.16
       Previous Weekly High:  97.71
       Previous Weekly Low:  96.4
       Previous Monthly High:  97.37
       Previous Monthly Low:  95.4
       Daily Fibonacci 38.2%:  97.27
       Daily Fibonacci 61.8%:  97.34
       Daily Pivot Point S1:  97.07
       Daily Pivot Point S2:  96.97
       Daily Pivot Point S3:  96.78
       Daily Pivot Point R1:  97.36
       Daily Pivot Point R2:  97.55
       Daily Pivot Point R3:  97.65