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  • Despite the ongoing rebound, the index stays depressed this week, meeting contention in the 96.30 for the time being, where emerges the short-term support line.
  • A breach of this support line could open the door for a deeper retracement to the 95.80/85 band, where coincide the 200-day SMA and late February lows.
  • On the other hand, a reversion of the current leg lower remains on the cards as long as this support line holds the downside.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.47
       Today Daily change:  15  pips
       Today Daily change %:  0.07%
       Today Daily Open:  96.4
Trends:
       Daily SMA20:  96.66
       Daily SMA50:  96.38
       Daily SMA100:  96.57
       Daily SMA200:  95.83
Levels:
       Previous Daily High:  96.51
       Previous Daily Low:  96.29
       Previous Weekly High:  97.45
       Previous Weekly Low:  96.38
       Previous Monthly High:  97.37
       Previous Monthly Low:  95.4
       Daily Fibonacci 38.2%:  96.37
       Daily Fibonacci 61.8%:  96.43
       Daily Pivot Point S1:  96.29
       Daily Pivot Point S2:  96.18
       Daily Pivot Point S3:  96.07
       Daily Pivot Point R1:  96.51
       Daily Pivot Point R2:  96.62
       Daily Pivot Point R3:  96.73