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US Dollar Index Technical Analysis: DXY bulls erase daily losses

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages near the 97.00 figure.
  • DXY bears tested the waters below by attempting to break below the triangle pattern. Bulls were alive and kicking and managed to erase earlier losses ending the day virtually unchanged. 
  • The market is fairly balanced with bulls having the advantage of the main trend on their side. 

Additional key levels

Dollar Index Spot

Overview:
    Today Last Price: 96.97
    Today Daily change: 1.0 pips
    Today Daily change %: 0.0103%
    Today Daily Open: 96.96
Trends:
    Previous Daily SMA20: 96.84
    Previous Daily SMA50: 96.19
    Previous Daily SMA100: 95.64
    Previous Daily SMA200: 93.94
Levels:
    Previous Daily High: 97.15
    Previous Daily Low: 96.71
    Previous Weekly High: 97.54
    Previous Weekly Low: 96.62
    Previous Monthly High: 97.7
    Previous Monthly Low: 95.68
    Previous Daily Fibonacci 38.2%: 96.88
    Previous Daily Fibonacci 61.8%: 96.98
    Previous Daily Pivot Point S1: 96.73
    Previous Daily Pivot Point S2: 96.5
    Previous Daily Pivot Point S3: 96.29
    Previous Daily Pivot Point R1: 97.17
    Previous Daily Pivot Point R2: 97.38
    Previous Daily Pivot Point R3: 97.61

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