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DXY Price Analysis: 200-day MA offers decent resistance

  • The index is under pressure after wobbling around the 105.80 area.
  • A break of the 200-day SMA is needed to allow for further rally.

The US Dollar Index (DXY) now looks offered after two consecutive daily declines and after a failed attempt to retest the 1.0600 zone early in the Wednesday session.

A sustainable close above the 200-day SMA at 105.67 should give the index additional lift and the chance to extend the rally to initially the weekly high at 107.19 (Nov 30).

Below the 200-day SMA, the outlook for the dollar should remain negative.

DXY day chart

Spot Dollar Index

Overview
Last price today 105.45
Today Daily Variation 47
today’s daily variation -0.12
today’s daily opening 105.58
Trends
daily SMA20 106.07
daily SMA50 108.69
daily SMA100 109.16
daily SMA200 106.15
levels
previous daily high 105.63
previous daily low 104.89
Previous Weekly High 107.2
previous weekly low 104.37
Previous Monthly High 113.15
Previous monthly minimum 105.32
Fibonacci daily 38.2 105.35
Fibonacci 61.8% daily 105.17
Daily Pivot Point S1 105.1
Daily Pivot Point S2 104.62
Daily Pivot Point S3 104.36
Daily Pivot Point R1 105.84
Daily Pivot Point R2 106.11
Daily Pivot Point R3 106.58

Source: Fx Street

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