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US Dollar Index Technical Analysis: Upside in DXY faces resistance around 96.50

  • DXY has faded Tuesday’s up move to the mid-96.00s, clinching at the same time fresh 3-week highs, and has now returned to the new comfort zone around 96.30.
  • The greenback now needs to surpass the 96.60 level, where sits the 55-day SMA, and the 23.6% Fibo retracement of the September-December up move at 96.79 to allow for a re-test of 2019 highs in the boundaries of 97.00 the figure.
  • On the downside, the 96.10/96.00 band emerges as a key support, where converge the 21-, 100- and 10-day SMAs

DXY daily chart

Dollar Index Spot

Overview:
       Today Last Price:  96.3
       Today Daily change:  -0.03  pips
       Today Daily change %:  -0.03%
       Today Daily Open:  96.33
Trends:
       Daily SMA20:  96.14
       Daily SMA50:  96.62
       Daily SMA100:  96.09
       Daily SMA200:  95.09
Levels:
       Previous Daily High:  96.49
       Previous Daily Low:  96.21
       Previous Weekly High:  96.4
       Previous Weekly Low:  95.47
       Previous Monthly High:  97.71
       Previous Monthly Low:  96.06
       Daily Fibonacci 38.2%:  96.32
       Daily Fibonacci 61.8%:  96.38
       Daily Pivot Point S1:  96.2
       Daily Pivot Point S2:  96.06
       Daily Pivot Point S3:  95.92
       Daily Pivot Point R1:  96.48
       Daily Pivot Point R2:  96.62
       Daily Pivot Point R3:  96.76

 

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