- The DXY intensifies the decline and breaks 104.00 on Monday.
- The 55-day SMA near 103.50 should offer some initial support.
The US dollar index (DXY) extends strong bearish momentum and breaks below the 104.00 support to record fresh multi-week lows.
Should sellers push harder, then the index should face temporary support at the 55-day SMA at 103.51 ahead of the weekly low at 102.58 (Feb 14).
Meanwhile, below the 200-day SMA at 106.62, the outlook for the greenback will remain negative.
DXY daily chart
Spot Dollar Index
Overview | |
---|---|
Last price today | 103.87 |
daily change today | 95 |
today’s daily variation | -0.74 |
today’s daily opening | 104.64 |
Trends | |
---|---|
daily SMA20 | 104.49 |
daily SMA50 | 103.47 |
daily SMA100 | 104.61 |
daily SMA200 | 106.84 |
levels | |
---|---|
previous daily high | 105.36 |
previous daily low | 104.05 |
Previous Weekly High | 105.89 |
previous weekly low | 104.05 |
Previous Monthly High | 105.36 |
Previous monthly minimum | 100.81 |
Fibonacci daily 38.2 | 104.55 |
Fibonacci 61.8% daily | 104.86 |
Daily Pivot Point S1 | 104 |
Daily Pivot Point S2 | 103.37 |
Daily Pivot Point S3 | 102.69 |
Daily Pivot Point R1 | 105.32 |
Daily Pivot Point R2 | 105.99 |
Daily Pivot Point R3 | 106.63 |
Source: Fx Street

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.