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US Dollar Index Technical Analysis: DXY bulls can lift the market to 96.60

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above the 200-period simple moving average (SMA). 
  • Bears broke below the 100 SMA.

DXY 4-hour chart

  • DXY broke below the 96.00 figure.

DXY 30-minute chart

  • DXY reclaimed the 50 SMA and is now challenging the 100 SMA. 
  • As bulls are coming back a break above 96.00 would open the gates to 96.60. 
  • On the flip side, 95.60 is the level to beat for bears. A breach of the level would open the door to 95.30. 

Additional key levels 

Dollar Index Spot

Overview:
    Today Last Price: 95.92
    Today Daily change: 23 pips
    Today Daily change %: 0.240%
    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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