DXY clinches fresh monthly highs near 103.80 on Wednesday. (Pivot Orderbook analysis)
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- DXY clinches fresh monthly highs near 103.80 on Wednesday.
- Further buying pressure could challenges the 104.00 zone.
The pair currently trades last at 103.48.
The previous day high was 103.65 while the previous day low was 103.16. The daily 38.2% Fib levels comes at 103.46, expected to provide support. Similarly, the daily 61.8% fib level is at 103.35, expected to provide support.
DXY advances to fresh highs in the 103.75/80 band before losing some momentum on Wednesday.
In case bulls regain the upper hand, the next up-barrier emerges at the 104.00 hurdle prior to the key 200-day SMA, today at 105.73, and the 2023 peak of 105.88 (March 8).
Looking at the broader picture, while below the 200-day SMA the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 103.48 at the time of writing. Pair opened at 103.53 and is trading with a change of -0.05 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 103.48 |
| 1 | Today Daily Change | 42.00 |
| 2 | Today Daily Change % | -0.05 |
| 3 | Today daily open | 103.53 |
The pair is trading above its 20 Daily moving average @ 102.17, above its 50 Daily moving average @ 102.3 , above its 100 Daily moving average @ 102.87 and below its 200 Daily moving average @ 105.66
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.17 |
| 1 | Daily SMA50 | 102.30 |
| 2 | Daily SMA100 | 102.87 |
| 3 | Daily SMA200 | 105.66 |
The previous day high was 103.65 while the previous day low was 103.16. The daily 38.2% Fib levels comes at 103.46, expected to provide support. Similarly, the daily 61.8% fib level is at 103.35, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 103.25, 102.96, 102.76
- Pivot resistance is noted at 103.73, 103.93, 104.22
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 103.65 |
| Previous Daily Low | 103.16 |
| Previous Weekly High | 103.63 |
| Previous Weekly Low | 102.20 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 103.46 |
| Daily Fibonacci 61.8% | 103.35 |
| Daily Pivot Point S1 | 103.25 |
| Daily Pivot Point S2 | 102.96 |
| Daily Pivot Point S3 | 102.76 |
| Daily Pivot Point R1 | 103.73 |
| Daily Pivot Point R2 | 103.93 |
| Daily Pivot Point R3 | 104.22 |
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