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US Dollar Index Technical Analysis: The recent breakdown of the consolidation range opens the door for a visit to 94.80

  • The greenback remains under pressure after breaking below the multi-month sideline theme between 95.80 and 97.70 earlier in the week.
  • The probability of further downside thus remains in place, with the immediate target at the 94.80 region, where converge the critical 200-day SMA and October lows.
  • 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: 95.33
    Today Daily change: -21 pips
    Today Daily change %: -0.220%
    Today Daily Open: 95.54
Trends:
    Previous Daily SMA20: 96.5
    Previous Daily SMA50: 96.7
    Previous Daily SMA100: 96
    Previous Daily SMA200: 94.84
Levels:
    Previous Daily High: 95.62
    Previous Daily Low: 95.03
    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%: 95.39
    Previous Daily Fibonacci 61.8%: 95.26
    Previous Daily Pivot Point S1: 95.17
    Previous Daily Pivot Point S2: 94.81
    Previous Daily Pivot Point S3: 94.58
    Previous Daily Pivot Point R1: 95.76
    Previous Daily Pivot Point R2: 95.99
    Previous Daily Pivot Point R3: 96.35

 

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