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US Dollar Index Price Analysis: Additional Losses Loom

The DXY maintains the negative performance at the lows of 103.00.
The next bearish level is the weekly low of 102.93.

He US Dollar Index (DXY) extends its decline for the fourth consecutive session on Tuesday.

Further weakness in the index is expected to challenge the key support at 103.00 sooner rather than later. Loss of this region exposes the weekly low of 102.93 (Aug 30) before another round level at 102.00.

Meanwhile, below the key 200-day SMA (103.60), the DXY outlook is expected to remain bearish.

DXY Daily Chart

Dollar Index Spot

Overview
Latest price today 103.17
Daily change today 25
Today’s daily variation -0.05
Today’s daily opening 103.22
Trends
daily SMA20 104.82
daily SMA50 105.64
SMA100 daily 104.24
SMA200 daily 103.62
Levels
Previous daily high 103.53
Previous daily low 103.19
Previous weekly high 104.22
Previous weekly low 103.18
Previous Monthly High 107.35
Previous monthly low 105.35
Daily Fibonacci 38.2 103.32
Fibonacci 61.8% daily 103.4
Daily Pivot Point S1 103.09
Daily Pivot Point S2 102.97
Daily Pivot Point S3 102.75
Daily Pivot Point R1 103.44
Daily Pivot Point R2 103.66
Daily Pivot Point R3 103.78

Source: Fx Street

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