DXY Price Analysis: A drop to 102.30 remains within the possibilities

- Advertisement -
  • The DXY index remains under pressure below the 103.00 level.
  • A further drop could lead to a drop to the 102.30 region.

The US Dollar Index (DXY) keeps the bearish tone so far unchanged below 103.00 at the end of the week.

The index remains under pressure and therefore further losses should not be ruled out at the moment. Against that, a likely pullback to the May low at 102.35 (5th May low) remains on the table in the not so distant future.

- Advertisement -

Looking with a broader perspective, the index’s current bullish stance remains supported by the 3-month line around 100.30, while the longer-term outlook for the dollar looks constructive as long as it is above the 200 SMA. days at 96.54.

DXY day chart

Dollar Index Spot

Panorama
Last Price Today 102.82
Today’s Daily Change -0.07
Today’s Daily Change % -0.07
Today’s Daily Opening 102.89
Trends
20 Daily SMA 103.36
50 Daily SMA 100.92
100 Daily SMA 98.62
200 Daily SMA 96.51
levels
Previous Daily High 103.91
Previous Daily Minimum 102.66
Previous Maximum Weekly 105.01
Previous Weekly Minimum 103.38
Monthly Prior Maximum 103.94
Previous Monthly Minimum 98.31
Daily Fibonacci 38.2% 103.13
Daily Fibonacci 61.8% 103.43
Daily Pivot Point S1 102.39
Daily Pivot Point S2 101.9
Daily Pivot Point S3 101.14
Daily Pivot Point R1 103.65
Daily Pivot Point R2 104.4
Daily Pivot Point R3 104.9

- Advertisement -

Source: Fx Street

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles