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DXY Technical Analysis: The greenback faces formidable resistance just above 96.00

  • DXY has once again failed to extend the breakout of the critical 96.00 milestone on sustainable basis today, although it remains lingering over that key level so far.
  • The greenback needs to advance beyond the low-96.00s, where coincide recent peaks, a Fibo retracement of the 2017-2018 drop at 96.04 and the short term resistance line, today at 96.16.
  • If the up move gathers serious traction, the YTD peak in levels just shy of 97.00 the figure should emerge on the horizon.

DXY daily chart

 

 

 

 

 

 

 

 

 

 

Dollar Index Spot

Overview:
    Last Price: 95.98
    Daily change: -5.0 pips
    Daily change: -0.0521%
    Daily Open: 96.03
Trends:
    Daily SMA20: 95.38
    Daily SMA50: 95.22
    Daily SMA100: 94.95
    Daily SMA200: 92.88
Levels:
    Daily High: 96.09
    Daily Low: 95.47
    Weekly High: 96.09
    Weekly Low: 94.79
    Monthly High: 95.74
    Monthly Low: 93.81
    Daily Fibonacci 38.2%: 95.85
    Daily Fibonacci 61.8%: 95.71
    Daily Pivot Point S1: 95.64
    Daily Pivot Point S2: 95.24
    Daily Pivot Point S3: 95.02
    Daily Pivot Point R1: 96.26
    Daily Pivot Point R2: 96.48
    Daily Pivot Point R3: 96.88

 

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