US Dollar Index Technical Analysis: Further upside awaits on a break above 96.20/30
- The better tone around the greenback has so far allowed DXY to advance beyond 96.00 the figure, although extra gains should come once the key 96.20/30 resistance band is cleared on a sustainable fashion.
- The 100-day SMA just above the 96.00 mark remains a key threshold, while a break below this level could pave the way for a test of the 10-day SMA at 95.78 (lower bound of the previous multi-month sideline theme).
- A deeper pullback is expected to face initial contention at 95.30, where sits a Fibo retracement of the September-December up move ahead of YTD lows in the 95.00 neighbourhood.
DXY daily chart
Dollar Index Spot
Overview:
Today Last Price: 96.11
Today Daily change: 0.0 pips
Today Daily change %: 0.00%
Today Daily Open: 96.11
Trends:
Previous Daily SMA20: 96.24
Previous Daily SMA50: 96.66
Previous Daily SMA100: 96.03
Previous Daily SMA200: 94.95
Levels:
Previous Daily High: 96.18
Previous Daily Low: 95.85
Previous Weekly High: 96.12
Previous Weekly Low: 95.03
Previous Monthly High: 97.71
Previous Monthly Low: 96.06
Previous Daily Fibonacci 38.2%: 96.05
Previous Daily Fibonacci 61.8%: 95.98
Previous Daily Pivot Point S1: 95.91
Previous Daily Pivot Point S2: 95.72
Previous Daily Pivot Point S3: 95.58
Previous Daily Pivot Point R1: 96.24
Previous Daily Pivot Point R2: 96.38
Previous Daily Pivot Point R3: 96.57