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  • The weekly correction lower in the greenback appears to have found decent contention just ahead of the 55-day SMA near 96.30.
  • A breakdown of this area is expected to test the 95.80 region. Late-February lows and the critical 200-day SMA reinforce this area.
  • In this regard, the positive outlook on the index is expected to persist as long as the 200-day SMA underpins.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.61
       Today Daily change:  18  pips
       Today Daily change %:  -0.16%
       Today Daily Open:  96.76
Trends:
       Daily SMA20:  96.7
       Daily SMA50:  96.34
       Daily SMA100:  96.58
       Daily SMA200:  95.79
Levels:
       Previous Daily High:  96.82
       Previous Daily Low:  96.46
       Previous Weekly High:  97.71
       Previous Weekly Low:  96.4
       Previous Monthly High:  97.37
       Previous Monthly Low:  95.4
       Daily Fibonacci 38.2%:  96.68
       Daily Fibonacci 61.8%:  96.6
       Daily Pivot Point S1:  96.54
       Daily Pivot Point S2:  96.32
       Daily Pivot Point S3:  96.18
       Daily Pivot Point R1:  96.9
       Daily Pivot Point R2:  97.04
       Daily Pivot Point R3:  97.26