- DXY extends weekly retracement below 105.00.
- Further south is the weekly low near 104.40.
He DXY has been losing ground for the last three sessions and has opened the door to additional short-term losses.
Should the corrective decline pick up further, the DXY could extend the decline to initially the weekly low of 104.42 (September 11). A sustained pullback below this latest level could see the index embark on a possible test of the critical 200-day SMA, today at 103.03.
As long as it remains above the 200-day SMA, the outlook for the DXY will remain constructive.
DXY Daily Chart
Dollar Index Spot
|Latest price today||104.96|
|Today Daily variation||39|
|Today’s daily variation||-0.11|
|Today’s daily opening||105.08|
|Previous daily high||105.36|
|Previous daily low||105.02|
|Previous weekly high||105.44|
|Previous weekly low||104.42|
|Previous Monthly High||104.44|
|Previous monthly low||101.74|
|Daily Fibonacci 38.2||105.15|
|Fibonacci 61.8% daily||105.23|
|Daily Pivot Point S1||104.95|
|Daily Pivot Point S2||104.82|
|Daily Pivot Point S3||104.62|
|Daily Pivot Point R1||105.28|
|Daily Pivot Point R2||105.49|
|Daily Pivot Point R3||105.62|
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.