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US Dollar Index (DXY) Price Analysis: 102.00 Zone Caps Downside…for Now

  • The DXY remains under pressure, albeit from previous lows in the area below 102.00 points.
  • Below the 102.00 zone, the index could retest the 2023 low.

The US dollar index (DXY) it pulls back for the sixth session in a row and continues to navigate the multi-week zone at the 102.50 zone.

For now, the bears are holding their ground. Conversely, the break of the March low at 101.91 (March 23) should put a possible test of the 2023 low near 100.82 (Feb 2) back on investors’ radar.

On a bigger picture, as long as it holds below the 200-day SMA, today at 106.60, the outlook for the index is expected to remain negative.

DXY daily chart

Spot Dollar Index

Last price today 102.25
daily change today 58
today’s daily variation -0.31
today’s daily opening 102.57
daily SMA20 104.41
daily SMA50 103.43
daily SMA100 104.26
daily SMA200 106.8
previous daily high 103.26
previous daily low 102.05
Previous Weekly High 105.11
previous weekly low 103.44
Previous Monthly High 105.36
Previous monthly minimum 100.81
Fibonacci daily 38.2 102.52
Fibonacci 61.8% daily 102.8
Daily Pivot Point S1 101.99
Daily Pivot Point S2 101.42
Daily Pivot Point S3 100.78
Daily Pivot Point R1 103.2
Daily Pivot Point R2 103.84
Daily Pivot Point R3 104.41

Source: Fx Street

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