US Dollar Index Technical Analysis: The index still faces strong hurdle near 96.50

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  • The greenback is coming up after briefly testing fresh weekly lows in the 96.00 handle, although a clear breakout of the key resistance area in the mid-96.00s still remains elusive.
  • DXY still needs to overcome the 96.50/80 band, where are located recent peaks, the key 55-day SMA and the 23.6% Fibo retracement of the September-December up move.
  • A move higher should put the YTD highs around 97.00 back on the investors’ radar.

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.25
    Today Daily change: 0.12 pips
    Today Daily change %: 0.12%
    Today Daily Open: 96.13
Trends:
    Daily SMA20: 96.11
    Daily SMA50: 96.6
    Daily SMA100: 96.1
    Daily SMA200: 95.12
Levels:
    Previous Daily High: 96.38
    Previous Daily Low: 96.05
    Previous Weekly High: 96.4
    Previous Weekly Low: 95.47
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Daily Fibonacci 38.2%: 96.18
    Daily Fibonacci 61.8%: 96.25
    Daily Pivot Point S1: 95.99
    Daily Pivot Point S2: 95.86
    Daily Pivot Point S3: 95.66
    Daily Pivot Point R1: 96.32
    Daily Pivot Point R2: 96.52
    Daily Pivot Point R3: 96.65

 

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