Home US Dollar Technical Analysis: DXY bears bracing for the drop to 95.70 target
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US Dollar Technical Analysis: DXY bears bracing for the drop to 95.70 target

DXY daily chart  

  • The US Dollar Index (DXY) is in a bull trend above 200-day simple moving average  (SMA).
  • Bears have momentarily retaken the 50 SMA.
  • As anticipated yesterday, the bears took control of the market and brought DXY almost to the 96.00 bear target.

DXY 4-hour chart

  • The market rejected the 200 SMA and it is now testing the 50 SMA.

DXY 30-minute chart

  • Bears broke below 96.30 support and the 200 SMA suggesting bearish momentum.
  • When 96.00 figure gets broken to the downside, the market should continue its decline towards 95.70 bear target.  
  • Resistance to the upside is seen at the 95.70 and 96.50 level.

Additional key levels

Dollar Index Spot

Overview:
       Today Last Price:  96.14
       Today Daily change: -19  pips
       Today Daily change %:  -0.20%
       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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