- The sharp drop in DXY appears to have found some contention near 106.30.
- Next, on the upside, the 100-day moving average appears above 109.00.
The Dollar Index (DXY) rises after two strong daily pullbacks and recovers the area above 107.00 earlier in the week.
Should the bulls push further, the index could hit a temporary and initial hurdle at the 100-Day Simple Moving Average (SMA) today at 109.08, ahead of the now multi-month resistance line around 109.40 .
Above the latter, the index could resume gains on a more sustainable basis.
DXY day chart
Dollar Spot Index
|last price today||107.23|
|daily change today||86|
|Today’s daily variation||0.56|
|Daily opening today||106.63|
|Previous daily high||106.64|
|Previous Daily Low||106.32|
|Previous Weekly High||111.4|
|Previous Weekly Low||106.28|
|Previous Monthly High||113.95|
|Previous Monthly Low||109.54|
|Daily Fibonacci 38.2%||106.52|
|Daily Fibonacci of 61.8%||106.44|
|Daily Pivot Point S1||106.42|
|Daily Pivot Point S2||106.22|
|Daily Pivot Point S3||106.11|
|Daily Pivot Point R1||106.73|
|Daily Pivot Point R2||106.84|
|Daily Pivot Point R3||107.05|
Source: Fx Street