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US Dollar Index Technical Analysis: Further rangebound expected below 97.00

  • DXY rebounded sharply from the 95.80 region on Wednesday, although the 97.00 neighbourhood acted as a solid barrier so far, leaving the index exposed to a potential continuation of the multi-week sideline theme and even risking a deeper correction lower.
  • On a longer perspective (weekly chart), the greenback keeps the constructive bias unchanged as long as the short-term support line underpins, today at 95.83 (coincident with weekly lows).

 

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
    Today Last Price: 96.71
    Today Daily change: -7.0 pips
    Today Daily change %: -0.0723%
    Today Daily Open: 96.78
Trends:
    Previous Daily SMA20: 96.87
    Previous Daily SMA50: 96.81
    Previous Daily SMA100: 96.01
    Previous Daily SMA200: 94.67
Levels:
    Previous Daily High: 96.96
    Previous Daily Low: 95.82
    Previous Weekly High: 97.12
    Previous Weekly Low: 96.19
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Previous Daily Fibonacci 38.2%: 96.52
    Previous Daily Fibonacci 61.8%: 96.26
    Previous Daily Pivot Point S1: 96.08
    Previous Daily Pivot Point S2: 95.38
    Previous Daily Pivot Point S3: 94.94
    Previous Daily Pivot Point R1: 97.22
    Previous Daily Pivot Point R2: 97.66
    Previous Daily Pivot Point R3: 98.36

 

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