US Dollar Index Technical Analysis: DXY flirting with the 2018 high
- The US Dollar Index (DXY) is trading in a bull trend above the 200-day simple moving average.
- DXY has been rebounding in the last three day from below 96.00. Bulls objective is to break above the 2018 high at 97.20. A break of the level would open the doors to 97.87 (June 20, 2017).
- Alternatively, failure to recapture 97.20 can lead to a retracement to 96.00.
DXY daily chart
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Trend: Bullish
Resistance 1: 97.00 August 15 high
Resistance 2: 97.20, 2018 high
Resistance 3: 97.87 June 20, 2017
Resistance 4: 98.00 figure
Support 1: 96.41 August 20 high
Support 2: 96.00 figure
Support 3: 95.65 multi-month resistance (key level)
Support 4: 95.52 August 6 high
Support 5: 95.24 July 13 high
Additional key levels at a glance:
Dollar Index Spot
Overview:
Last Price: 96.93
Daily change: 27 pips
Daily change: 0.279%
Daily Open: 96.66
Trends:
Daily SMA20: 96.16
Daily SMA50: 95.48
Daily SMA100: 95.24
Daily SMA200: 93.32
Levels:
Daily High: 96.74
Daily Low: 96.07
Weekly High: 97.2
Weekly Low: 95.99
Monthly High: 97.2
Monthly Low: 94.79
Daily Fibonacci 38.2%: 96.48
Daily Fibonacci 61.8%: 96.33
Daily Pivot Point S1: 96.24
Daily Pivot Point S2: 95.82
Daily Pivot Point S3: 95.57
Daily Pivot Point R1: 96.91
Daily Pivot Point R2: 97.16
Daily Pivot Point R3: 97.58