- DXY regains smile amid renewed risk aversion.
- The weekly high around 96.40 emerges as the next upside barrier.
DXY (US dollar index) reverses two consecutive daily pullbacks and looks to reclaim the area above the 96.00 barrier on Thursday.
If the recovery gains strength, the index is expected to challenge weekly highs at 96.43 (Feb 14), which is seen as the last defense before an assault on the yearly high near 97.50 (Jan 28).
In the meantime, more gains in DXY seem likely as long as the 5-month line near 95.30 holds down.
In the longer term, the outlook for the dollar is seen as positive above the 200-day SMA at 93.70.
DXY daily chart
Additional technical levels
Dollar Index Spot
| Panorama | |
|---|---|
| Last Price Today | 95.78 |
| Today’s Daily Change | -0.04 |
| Today’s Daily Change % | -0.04 |
| Today’s Daily Opening | 95.82 |
| Trends | |
|---|---|
| 20 Daily SMA | 96.02 |
| 50 Daily SMA | 95.99 |
| 100 Daily SMA | 95.41 |
| 200 Daily SMA | 93.71 |
| levels | |
|---|---|
| Previous Daily High | 96.06 |
| Previous Daily Minimum | 95.68 |
| Previous Maximum Weekly | 96.11 |
| Previous Weekly Minimum | 95.17 |
| Monthly Prior Maximum | 97.44 |
| Previous Monthly Minimum | 94.63 |
| Daily Fibonacci 38.2% | 95.82 |
| Daily Fibonacci 61.8% | 95.92 |
| Daily Pivot Point S1 | 95.65 |
| Daily Pivot Point S2 | 95.47 |
| Daily Pivot Point S3 | 95.26 |
| Daily Pivot Point R1 | 96.03 |
| Daily Pivot Point R2 | 96.24 |
| Daily Pivot Point R3 | 96.42 |
Source: Fx Street
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