DXY Price Analysis: 102.00 region offers decent support…for now

The DXY manages to regain some composure near 102.00.
Further losses are expected below 102.00.

In the end, there came a breather for the dollar that makes the dollar index (DXY) regains some upside traction and breaks out of the area of recent lows near 102.00 on Friday.

Should the bears regain control, the loss of the January low at 101.98 (Jan 13) should put a possible deeper fall back to the May 2022 low around 101.30 ( May 30) before the psychological level of 100.00.

Meanwhile, if it remains below the 200-day SMA at 106.39, the outlook for the DXY they should remain negative.

DXY day chart

Spot Dollar Index

Overview
Last price today	102.45
Today Daily Variation	54
today’s daily variation	0.20
today’s daily opening	102.25

Trends
daily SMA20	104.02
daily SMA50	105.01
daily SMA100	108.04
daily SMA200	106.82

levels
previous daily high	103.31
previous daily low	102.07
Previous Weekly High	105.63
previous weekly low	103.43
Previous Monthly High	106.02
Previous monthly minimum	103.39
Fibonacci daily 38.2	102.55
Fibonacci 61.8% daily	102.84
Daily Pivot Point S1	101.78
Daily Pivot Point S2	101.31
Daily Pivot Point S3	100.54
Daily Pivot Point R1	103.02
Daily Pivot Point R2	103.79
Daily Pivot Point R3	104.26

Source: Fx Street

Joshua

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.