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

  • 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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