Home US Dollar Index Technical Analysis: The index shifts its focus to 96.00 (and below?)
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US Dollar Index Technical Analysis: The index shifts its focus to 96.00 (and below?)

  • The greenback keeps trading on the defensive and risks a deeper retracement to, initially, the 96.22 level, where lies a Fibo retracement of the September-December rally.
  • A breakdown of this initial area of support could pave the way for a potential down move to the critical 200-day SMA, today at 95.62.
  • In the meantime, the outlook on the index is expected to remain constructive while above the short-term support line, today at 95.43.

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.4
       Today Daily change:  13  pips
       Today Daily change %:  -0.04%
       Today Daily Open:  96.44
Trends:
       Daily SMA20:  96.41
       Daily SMA50:  96.33
       Daily SMA100:  96.43
       Daily SMA200:  95.61
Levels:
       Previous Daily High:  96.61
       Previous Daily Low:  96.32
       Previous Weekly High:  97.08
       Previous Weekly Low:  96.29
       Previous Monthly High:  96.96
       Previous Monthly Low:  95.03
       Daily Fibonacci 38.2%:  96.43
       Daily Fibonacci 61.8%:  96.5
       Daily Pivot Point S1:  96.3
       Daily Pivot Point S2:  96.17
       Daily Pivot Point S3:  96.01
       Daily Pivot Point R1:  96.59
       Daily Pivot Point R2:  96.75
       Daily Pivot Point R3:  96.88

 

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