DXY Price Analysis: Another visit to 105.30 remains within the possibility

- Advertisement -
  • The DXY adds to Tuesday’s bearishness and breaks 107.00.
  • Further weakness could send the index falling to the 105.30 area.

The US Dollar Index (DXY) remains bid and briefly tests the 106.80 zone, or three-day low, on Wednesday.

Should the selling pressure pick up, the dollar could give up more ground and challenge the November low at 105.34 (15 Nov). This area of ​​contention appears to be underpinned by the proximity of the ever-relevant 200 SMA, today at 105.22.

- Advertisement -

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

DXY day chart

Spot Dollar Index

Last price today 107.1
today’s daily change 41
today’s daily variation -0.06
today’s daily opening 107.16
daily SMA20 108.28
daily SMA50 110.62
daily SMA100 109.29
daily SMA200 105.63
previous daily high 107.82
previous daily low 107.12
Previous Weekly High 107.27
previous weekly low 105.32
Previous Monthly High 113.95
Previous monthly minimum 109.54
Fibonacci daily 38.2% 107.39
Daily Fibonacci of 61.8% 107.55
Daily Pivot Point S1 106.91
Daily Pivot Point S2 106.67
Daily Pivot Point S3 106.22
Daily Pivot Point R1 107.61
Daily Pivot Point R2 108.07
Daily Pivot Point R3 108.31

- Advertisement -

Source: Fx Street

- Advertisement -


Please enter your comment!
Please enter your name here

Hot Topics

Related Articles