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US Dollar Index Technical Analysis: Further upside awaits on a break above 96.20/30

  • The better tone around the greenback has so far allowed DXY to advance beyond 96.00 the figure, although extra gains should come once the key 96.20/30 resistance band is cleared on a sustainable fashion.
  • The 100-day SMA just above the 96.00 mark remains a key threshold, while a break below this level could pave the way for a test of the 10-day SMA at 95.78 (lower bound of the previous multi-month sideline theme).
  • A deeper pullback is expected to face initial contention at 95.30, where sits a Fibo retracement of the September-December up move ahead of YTD lows in the 95.00 neighbourhood.

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.11
    Today Daily change: 0.0 pips
    Today Daily change %: 0.00%
    Today Daily Open: 96.11
Trends:
    Previous Daily SMA20: 96.24
    Previous Daily SMA50: 96.66
    Previous Daily SMA100: 96.03
    Previous Daily SMA200: 94.95
Levels:
    Previous Daily High: 96.18
    Previous Daily Low: 95.85
    Previous Weekly High: 96.12
    Previous Weekly Low: 95.03
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Previous Daily Fibonacci 38.2%: 96.05
    Previous Daily Fibonacci 61.8%: 95.98
    Previous Daily Pivot Point S1: 95.91
    Previous Daily Pivot Point S2: 95.72
    Previous Daily Pivot Point S3: 95.58
    Previous Daily Pivot Point R1: 96.24
    Previous Daily Pivot Point R2: 96.38
    Previous Daily Pivot Point R3: 96.57

 

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