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.

Pablo Piovano FXStreet

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

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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