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Jan 10, 2019
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