US Dollar Index Price Analysis: Interim support emerges at 97.87
by Pablo Piovano- DXY remains under heavy pressure and challenges 98.00.
- Rising bets for a potential move to the Fibo level at 97.87.
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 price | 98.03 |
| Today Daily Change | 59 |
| Today Daily Change % | -0.46 |
| Today daily open | 98.48 |
| Trends | |
|---|---|
| Daily SMA20 | 99.65 |
| Daily SMA50 | 99.88 |
| Daily SMA100 | 99.03 |
| Daily SMA200 | 98.51 |
| Levels | |
|---|---|
| Previous Daily High | 99.1 |
| Previous Daily Low | 98.35 |
| Previous Weekly High | 100.47 |
| Previous Weekly Low | 99 |
| Previous Monthly High | 100.93 |
| Previous Monthly Low | 98.81 |
| Daily Fibonacci 38.2% | 98.64 |
| Daily Fibonacci 61.8% | 98.81 |
| Daily Pivot Point S1 | 98.19 |
| Daily Pivot Point S2 | 97.9 |
| Daily Pivot Point S3 | 97.44 |
| Daily Pivot Point R1 | 98.93 |
| Daily Pivot Point R2 | 99.38 |
| Daily Pivot Point R3 | 99.67 |