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US Dollar Index Technical Analysis: The break below 95.70 allows a retracement to 94.80, the 200-day SMA

  • The index has recently broken below the key lower bound of the multi-month range in the 95.70 region, in turn opening the door for a deeper pullback.
  • That said, further decline is not ruled out and should face initial contention in the 94.80 region, where sits October lows and the critical 200-day SMA.
  • In case the selling impetus picks up extra pace, the 38.2% Fibo retracement of the 2017-2018 drop at 94.20 should come next ahead of September lows in the 93.70 zone.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
    Today Last Price: 95.32
    Today Daily change: 12 pips
    Today Daily change %: 0.126%
    Today Daily Open: 95.2
Trends:
    Previous Daily SMA20: 96.58
    Previous Daily SMA50: 96.73
    Previous Daily SMA100: 96
    Previous Daily SMA200: 94.81
Levels:
    Previous Daily High: 95.92
    Previous Daily Low: 95.12
    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%: 95.43
    Previous Daily Fibonacci 61.8%: 95.61
    Previous Daily Pivot Point S1: 94.91
    Previous Daily Pivot Point S2: 94.61
    Previous Daily Pivot Point S3: 94.11
    Previous Daily Pivot Point R1: 95.71
    Previous Daily Pivot Point R2: 96.21
    Previous Daily Pivot Point R3: 96.51

 

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