- DXY accelerates losses and breaks support at 102.00.
- The 55 day moving average at 100.90 now emerges as the next target.
The US dollar index (DXY) is under additional selling pressure and breaks below key support at 102.00, posting new four-week lows.
DXY remains under pressure and therefore further losses should not be ruled out at the moment. Against that, a deeper drop could take the 55 day SMA today at 100.89 in the not so distant future.
Looking at the bigger picture, the index’s current bullish stance remains supported by the 3-month line around 100.40, while the longer-term outlook for the dollar looks constructive to remain above the 200-day SMA. at 96.64.
DXY day chart
Dollar Index Spot
| Panorama | |
|---|---|
| Last Price Today | 101.98 |
| Today’s Daily Change | -0.09 |
| Today’s Daily Change % | -0.09 |
| Today’s Daily Opening | 102.07 |
| Trends | |
|---|---|
| 20 Daily SMA | 103.47 |
| 50 Daily SMA | 101.05 |
| 100 Daily SMA | 98.75 |
| 200 Daily SMA | 96.61 |
| levels | |
|---|---|
| Previous Daily High | 102.96 |
| Previous Daily Minimum | 102.04 |
| Previous Maximum Weekly | 104.64 |
| Previous Weekly Minimum | 102.66 |
| Monthly Prior Maximum | 103.94 |
| Previous Monthly Minimum | 98.31 |
| Daily Fibonacci 38.2% | 102.39 |
| Daily Fibonacci 61.8% | 102.61 |
| Daily Pivot Point S1 | 101.76 |
| Daily Pivot Point S2 | 101.44 |
| Daily Pivot Point S3 | 100.84 |
| Daily Pivot Point R1 | 102.67 |
| Daily Pivot Point R2 | 103.27 |
| Daily Pivot Point R3 | 103.58 |
Source: Fx Street
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