DXY Dollar Index Price Analysis: Losses Should Accelerate Below 200-Day SMA

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  • The DXY Index succumbs to the selling pressure and breaks the 106.00 level.
  • A deeper pullback opens the door to a November low near 105.30.

The DXY index maintains the bearish trend in the second half of the week, falling below the support of 106.00.

Should the selling pressure pick up, the dollar could give up more ground and target the November low at 105.34 (15 Nov). This area of ​​contention seems to be underpinned by the proximity of the ever-relevant 200-day SMA, today at 105.27.

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As long as it is above the 200-day SMA, the outlook for the DXY Index should remain constructive.

DXY index daily chart


DXY index additional levels

Last price today 105.75
today’s daily change 43
today’s daily variation -0.37
today’s daily opening 106.14
daily SMA20 107.94
daily SMA50 110.49
daily SMA100 109.27
daily SMA200 105.68
previous daily high 107.23
previous daily low 106.03
Previous Weekly High 107.27
previous weekly low 105.32
Previous Monthly High 113.95
Previous monthly minimum 109.54
Daily Fibonacci of 38.2% 106.49
Daily Fibonacci of 61.8% 106.77
Daily Pivot Point S1 105.71
Daily Pivot Point S2 105.27
Daily Pivot Point S3 104.51
Daily Pivot Point R1 106.9
Daily Pivot Point R2 107.66
Daily Pivot Point R3 108.1

Source: Fx Street

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