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US Dollar Index Technical Analysis: A visit to 2018 highs around 97.70 remains well on the cards

  • The index is partially reverting yesterday’s pullback, managing well to keep the trade above the 97.00 handle for the time being.
  • Further upside and a probable test of 2018 highs in the 97.70 region remains a solid chance, although some consolidation before extra gains cannot be ruled out.
  • The constructive bias in DXY appears unchanged while above the 95.51/30 band, where converges the key 200-day SMA and the short-term support line.

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 97.13
    Today Daily change: 15 pips
    Today Daily change %: 0.11%
    Today Daily Open: 97.02
Trends:
    Daily SMA20: 96.26
    Daily SMA50: 96.4
    Daily SMA100: 96.35
    Daily SMA200: 95.49
Levels:
    Previous Daily High: 97.29
    Previous Daily Low: 96.95
    Previous Weekly High: 96.69
    Previous Weekly Low: 95.58
    Previous Monthly High: 96.96
    Previous Monthly Low: 95.03
    Daily Fibonacci 38.2%: 97.08
    Daily Fibonacci 61.8%: 97.16
    Daily Pivot Point S1: 96.88
    Daily Pivot Point S2: 96.75
    Daily Pivot Point S3: 96.54
    Daily Pivot Point R1: 97.22
    Daily Pivot Point R2: 97.43
    Daily Pivot Point R3: 97.56

 

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