- 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
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.