DXY looks to extend the post-Powell rebound near 106.00. (Pivot Orderbook analysis)

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• DXY looks to extend the post-Powell rebound near 106.00.
• Further gains now target the 200-day SMA near 106.60.

The pair currently trades last at 105.63.

The previous day high was 105.66 while the previous day low was 104.12. The daily 38.2% Fib levels comes at 105.07, expected to provide support. Similarly, the daily 61.8% fib level is at 104.71, expected to provide support.

DXY advances further and prints new multi-month highs in the 105.85/90 band on Wednesday.

The continuation of the rebound in the dollar seems like for the time being. The breakout of the round level at 106.00 should put the index en route to a probable test of the key 200-day SMA, today at 106.58.

A convincing move beyond the latter should shift the outlook to constructive in the short-term horizon and allow for the continuation of the uptrend.

Technical Levels: Supports and Resistances

EURUSD currently trading at 105.63 at the time of writing. Pair opened at 105.63 and is trading with a change of 0.0 % .

The pair is trading above its 20 Daily moving average @ 104.22, above its 50 Daily moving average @ 103.4 , above its 100 Daily moving average @ 104.79 and below its 200 Daily moving average @ 106.83

The previous day high was 105.66 while the previous day low was 104.12. The daily 38.2% Fib levels comes at 105.07, expected to provide support. Similarly, the daily 61.8% fib level is at 104.71, expected to provide support.

Note the levels of interest below:

• Pivot support is noted at 104.61, 103.6, 103.08
• Pivot resistance is noted at 106.15, 106.67, 107.69

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