US Dollar Index Technical Analysis: 97.00 is the level to beat for bulls

DXY daily chart

  • The US Dollar Index (DXY) is trading in a bull trend above the 200-period simple moving average (SMA). 
  • DXY is testing the 50 SMA and the 97.00 figure. 

DXY 4-hour chart

  • DXY is spiking up and found some resistance at the 100 and 200 SMAs.


DXY 30-minute chart

  • The level to beat for US Dollar bulls is 97.00 and the 97.10 level.
  • If bears take the lead then a pullback down to 95.50 and 96.34 is likely on the cards. 
  • The bears are likely in charge.

Additional key levels

USD/CHF

Overview:
    Today Last Price: 0.9904
    Today Daily change: 83 pips
    Today Daily change %: 0.845%
    Today Daily Open: 0.9821
Trends:
    Previous Daily SMA20: 0.9909
    Previous Daily SMA50: 0.9968
    Previous Daily SMA100: 0.9885
    Previous Daily SMA200: 0.9877
Levels:
    Previous Daily High: 0.9844
    Previous Daily Low: 0.9809
    Previous Weekly High: 0.9964
    Previous Weekly Low: 0.979
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Previous Daily Fibonacci 38.2%: 0.9822
    Previous Daily Fibonacci 61.8%: 0.9831
    Previous Daily Pivot Point S1: 0.9805
    Previous Daily Pivot Point S2: 0.979
    Previous Daily Pivot Point S3: 0.977
    Previous Daily Pivot Point R1: 0.984
    Previous Daily Pivot Point R2: 0.986
    Previous Daily Pivot Point R3: 0.9875

 

AUD/USD remains on track to post its lowest daily close in nearly 3 years around 0.70

The AUD/USD pair broke below the critical 0.70 mark on Wednesday and slumped to its lowest level since January 2016 at 0.6982 before staging a modest
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