ANALYSIS:US Dollar Index Technical Analysis: Pullbacks seen faltering near the 200-day SMA at 96.80

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US Dollar Index Technical Analysis: Pullbacks seen faltering near the 200-day SMA at 96.80

  • DXY came under renewed and moderate selling pressure on Wednesday, failing once again to advanced further north of 97.50.
  • The leg lower, however, is expected to meet strong contention in the 96.80/88 band, where sit the 200-day SMA and the multi-month support line.
  • If the selling impetus gathers pace, the June 17 low at 96.46 should return to the traders’ radar.

DXY daily chart

 

Dollar Index Spot

Overview
Today last price 97.08
Today Daily Change 16
Today Daily Change % -0.13
Today daily open 97.21
Trends
Daily SMA20 96.77
Daily SMA50 97.21
Daily SMA100 97.17
Daily SMA200 96.8
Levels
Previous Daily High 97.45
Previous Daily Low 97.16
Previous Weekly High 97.59
Previous Weekly Low 96.79
Previous Monthly High 97.81
Previous Monthly Low 95.84
Daily Fibonacci 38.2% 97.27
Daily Fibonacci 61.8% 97.34
Daily Pivot Point S1 97.1
Daily Pivot Point S2 96.98
Daily Pivot Point S3 96.81
Daily Pivot Point R1 97.39
Daily Pivot Point R2 97.56
Daily Pivot Point R3 97.68
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