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US Dollar Index Technical Analysis: A breakdown of the multi-week consolidation theme could spark a test of 94.80

  • The greenback, measured by the US Dollar Index (DXY), is navigating the lower bound of the 95.70-97.70 range prevailing since early November 2018.
  • A convincing break below the current sideline theme is not ruled out, particularly in light of the inability of the buck to gather some serious upside traction.
  • Such event should open the door to a deeper pullback which should fin initial contention around November 2018 lows in the 94.80 zone.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
    Today Last Price: 95.76
    Today Daily change: 7.0 pips
    Today Daily change %: 0.0732%
    Today Daily Open: 95.69
Trends:
    Previous Daily SMA20: 96.76
    Previous Daily SMA50: 96.79
    Previous Daily SMA100: 96
    Previous Daily SMA200: 94.76
Levels:
    Previous Daily High: 96.12
    Previous Daily Low: 95.64
    Previous Weekly High: 96.96
    Previous Weekly Low: 95.82
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Previous Daily Fibonacci 38.2%: 95.82
    Previous Daily Fibonacci 61.8%: 95.94
    Previous Daily Pivot Point S1: 95.51
    Previous Daily Pivot Point S2: 95.34
    Previous Daily Pivot Point S3: 95.03
    Previous Daily Pivot Point R1: 95.99
    Previous Daily Pivot Point R2: 96.3
    Previous Daily Pivot Point R3: 96.47

 

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