DXY Technical Analysis: Further consolidation expected. The index needs to regain the 97.20 area and above
- The greenback is prolonging the weekly sideline theme below the 97.00 handle ahead of the key US Non-farm Payrolls.
- Further gains hinge on a convincing clear of recent tops in the 97.20 region, which should pave the way for a continuation of the up move to the mid-97.00s.
- In the near term, the constructive outlook persists while above the support line, today at 96.50.
DXY daily chart
Dollar Index Spot
Overview:
Today Last Price: 96.83
Today Daily change: 6.0 pips
Today Daily change %: 0.0620%
Today Daily Open: 96.77
Trends:
Previous Daily SMA20: 96.92
Previous Daily SMA50: 96.34
Previous Daily SMA100: 95.69
Previous Daily SMA200: 94.03
Levels:
Previous Daily High: 97.21
Previous Daily Low: 96.55
Previous Weekly High: 97.54
Previous Weekly Low: 96.62
Previous Monthly High: 97.7
Previous Monthly Low: 95.68
Previous Daily Fibonacci 38.2%: 96.8
Previous Daily Fibonacci 61.8%: 96.96
Previous Daily Pivot Point S1: 96.48
Previous Daily Pivot Point S2: 96.18
Previous Daily Pivot Point S3: 95.82
Previous Daily Pivot Point R1: 97.14
Previous Daily Pivot Point R2: 97.5
Previous Daily Pivot Point R3: 97.8