DXY Technical Analysis: The greenback met support at the 21-day SMA around 96.80 so far
- After two consecutive daily pullbacks, the greenback is now posting some gains amidst some deterioration in the risk-associated universe.
- The index extended the weekly correction lower following Wednesday’s bearish ‘outside day’, although decent support emerged in the 96.80 region, where sits the 21-day SMA.
- Further upside is thus likely as long as the short-term support line at 96.46 underpins, with the immediate target at YTD peaks near 97.70.
DXY daily chart
Dollar Index Spot
Overview:
Today Last Price: 96.91
Today Daily change: 15 pips
Today Daily change %: 0.155%
Today Daily Open: 96.76
Trends:
Previous Daily SMA20: 96.77
Previous Daily SMA50: 96.08
Previous Daily SMA100: 95.59
Previous Daily SMA200: 93.86
Levels:
Previous Daily High: 97
Previous Daily Low: 96.62
Previous Weekly High: 96.98
Previous Weekly Low: 96.04
Previous Monthly High: 97.2
Previous Monthly Low: 94.79
Previous Daily Fibonacci 38.2%: 96.77
Previous Daily Fibonacci 61.8%: 96.85
Previous Daily Pivot Point S1: 96.59
Previous Daily Pivot Point S2: 96.41
Previous Daily Pivot Point S3: 96.21
Previous Daily Pivot Point R1: 96.97
Previous Daily Pivot Point R2: 97.17
Previous Daily Pivot Point R3: 97.35