US Dollar Index Price Analysis: Potential move to 96.40 near-term

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  • DXY is accelerating the correction lower to sub-97.00 levels.
  • Further south emerges the mid-June lows in the 96.40 region.

DXY is down for the fourth session in a row so far on Thursday on the back of the better mood in the risk appetite trends.

If the selling pressure gathers traction it is expected to expose the 96.40/35 band as the next interim support, area last seen in mid-June.

Looking at the broader picture, the bearish view is seen unhanged while below the 200-day SMA, today at 98.36.

DXY daily chart

US Dollar Index Price Analysis: Potential move to 96.40 near-term

Dollar Index Spot

Overview
Today last price 96.85
Today Daily Change 38
Today Daily Change % -0.32
Today daily open 97.16
Trends
Daily SMA20 97.02
Daily SMA50 98.48
Daily SMA100 98.85
Daily SMA200 98.36
Levels
Previous Daily High 97.64
Previous Daily Low 97.03
Previous Weekly High 97.72
Previous Weekly Low 96.38
Previous Monthly High 98.24
Previous Monthly Low 95.72
Daily Fibonacci 38.2% 97.26
Daily Fibonacci 61.8% 97.4
Daily Pivot Point S1 96.91
Daily Pivot Point S2 96.67
Daily Pivot Point S3 96.31
Daily Pivot Point R1 97.52
Daily Pivot Point R2 97.88
Daily Pivot Point R3 98.13

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