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DXY Price Analysis: 200-day MA remains low for now

  • The DXY partially puts aside the recent sharp decline and recovers to 106.00.
  • The 200-day moving average, near 105.30, continues to appear as hard support.

The dollar index from USA (DXY) finally regains its smile and retakes the area above the 106.00 barrier after three daily falls in a row on Friday.

There is a strong containment zone near 105.30, where the November low and 200 SMA converge.

Meanwhile, the DXY bearish pressure is expected to ease a bit if it breaches the weekly high at 107.99 (Nov 21). Further rally should see the 100-day SMA at 109.15 ahead of the nine-month resistance line near 110.00.

As long as it is above the 200-day SMA at 105.32, the outlook for the index should remain constructive.

DXY day chart

Spot Dollar Index

Last price today 106.14
today’s daily change 51
Today’s daily change in % 0.26
today’s daily opening 105.86
daily SMA20 107.69
daily SMA50 110.34
daily SMA100 109.26
daily SMA200 105.72
previous daily high 106.16
previous daily low 105.63
Previous Weekly High 107.27
previous weekly low 105.32
Previous Monthly High 113.95
Previous monthly minimum 109.54
Fibonacci daily 38.2% 105.83
Daily Fibonacci of 61.8% 105.96
Daily Pivot Point S1 105.61
Daily Pivot Point S2 105.36
Daily Pivot Point S3 105.08
Daily Pivot Point R1 106.13
Daily Pivot Point R2 106.41
Daily Pivot Point R3 106.66

Source: Fx Street

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