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US Dollar Index Technical Analysis: DXY now looks to the 200-day SMA at 95.63

  • The index is extending the pullback to fresh lows, briefly breaking below the key support at the 96.00 handle following Powell’s testimony on Tuesday.
  • A potential visit to the critical 200-day SMA at 95.63 will be exposed in case the selling mood gathers pace.
  • This important area of support is reinforced by the short-term support line, today at 95.44.

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.01
    Today Daily change: 20 pips
    Today Daily change %: -0.06%
    Today Daily Open: 96.07
Trends:
    Daily SMA20: 96.43
    Daily SMA50: 96.31
    Daily SMA100: 96.43
    Daily SMA200: 95.62
Levels:
    Previous Daily High: 96.46
    Previous Daily Low: 95.95
    Previous Weekly High: 97.08
    Previous Weekly Low: 96.29
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 96.14
    Daily Fibonacci 61.8%: 96.27
    Daily Pivot Point S1: 95.86
    Daily Pivot Point S2: 95.65
    Daily Pivot Point S3: 95.35
    Daily Pivot Point R1: 96.37
    Daily Pivot Point R2: 96.67
    Daily Pivot Point R3: 96.88

 

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