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US Dollar Index Technical Analysis: Decline is challenging the 21-day SMA near 98.70

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US Dollar Index Technical Analysis: Decline is challenging the 21-day SMA near 98.70

  • The downside momentum in DXY is picking up extra pace in the second half of the week, extending the breach of the key support at the 99.00 handles.
  • The continuation of the selling impetus carries the potential to spark a deeper pullback to the initial target at the 55-day SMA, today at 98.36.
  • Below the 55-day SMA, the upside pressure is expected to alleviate somewhat and open the door to extra losses.

DXY daily chart

DOLLAR INDEX SPOT

OVERVIEW
Today last price 98.77
Today Daily Change 37
Today Daily Change % -0.36
Today daily open 99.13
TRENDS
Daily SMA20 98.79
Daily SMA50 98.41
Daily SMA100 97.81
Daily SMA200 97.31
LEVELS
Previous Daily High 99.16
Previous Daily Low 98.89
Previous Weekly High 99.67
Previous Weekly Low 98.63
Previous Monthly High 99.46
Previous Monthly Low 97.99
Daily Fibonacci 38.2% 99.06
Daily Fibonacci 61.8% 98.99
Daily Pivot Point S1 98.96
Daily Pivot Point S2 98.79
Daily Pivot Point S3 98.69
Daily Pivot Point R1 99.23
Daily Pivot Point R2 99.33
Daily Pivot Point R3 99.5
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