US Dollar Index Price Analysis: Interim support emerges at 97.87

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DXY came under further pressure and is now navigating t he area of multi-week lows in the 98.00 neighbourhood.

Sellers now look to have regained the upper hand and therefore the door is open to further weakness in the dollar in the near-term.

That said, there is increasing bets for a deeper pullback to, initially, the Fibo retracement of the 2017-2018 drop at 97.87.

DXY daily chart

Dollar Index Spot

Overview
Today last price98.03
Today Daily Change59
Today Daily Change %-0.46
Today daily open98.48

 

Trends
Daily SMA2099.65
Daily SMA5099.88
Daily SMA10099.03
Daily SMA20098.51

 

Levels
Previous Daily High99.1
Previous Daily Low98.35
Previous Weekly High100.47
Previous Weekly Low99
Previous Monthly High100.93
Previous Monthly Low98.81
Daily Fibonacci 38.2%98.64
Daily Fibonacci 61.8%98.81
Daily Pivot Point S198.19
Daily Pivot Point S297.9
Daily Pivot Point S397.44
Daily Pivot Point R198.93
Daily Pivot Point R299.38
Daily Pivot Point R399.67