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  • The rally in the greenback is now taking a break in the 97.00 area after hitting fresh yearly tops in the 97.10/15 band on Monday.
  • The current constructive view on DXY allows for the up move to advance further, targeting 2018 highs around 97.70 recorded in mid-December.
  • The positive outlook on the buck remains underpinned by the 200-day SMA at 95.45 and is also reinforced by a Fibo retracement of the September-December rally at 95.30.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  97.04
       Today Daily change:  11  pips
       Today Daily change %:  -0.02%
       Today Daily Open:  97.06
Trends:
       Daily SMA20:  96.12
       Daily SMA50:  96.4
       Daily SMA100:  96.27
       Daily SMA200:  95.43
Levels:
       Previous Daily High:  97.12
       Previous Daily Low:  96.62
       Previous Weekly High:  96.69
       Previous Weekly Low:  95.58
       Previous Monthly High:  96.96
       Previous Monthly Low:  95.03
       Daily Fibonacci 38.2%:  96.93
       Daily Fibonacci 61.8%:  96.81
       Daily Pivot Point S1:  96.75
       Daily Pivot Point S2:  96.43
       Daily Pivot Point S3:  96.25
       Daily Pivot Point R1:  97.25
       Daily Pivot Point R2:  97.43
       Daily Pivot Point R3:  97.75