US Dollar Index Price Analysis: Further advance targets 103.00

  • The DXY maintains the recovery and approaches 102.70.
  • Further gains are now targeting the 103.00 area in the near term

He DXY manages to reverse the initial pessimism well and recover the smile in the vicinity of the 102.70 area on Tuesday.

Immediately to the upside, the DXY faces the next hurdle at the round 103.00 level, which looks bolstered by the approach of the transient 100-day SMA. The DXY could see its bearish pressure mitigated once this zone is broken convincingly.

On a bigger picture, as long as it holds below the 200-day SMA at 105.21 the outlook for the index will remain negative.

DXY daily chart

Spot Dollar Index

Overview
Last price today 102.55
daily change today 33
today’s daily variation 0.04
today’s daily opening 102.51
Trends
daily SMA20 103.6
daily SMA50 102.61
daily SMA100 103.06
daily SMA200 104.98
levels
previous daily high 102.56
previous daily low 102.25
Previous Weekly High 103.76
previous weekly low 102.01
Previous Monthly High 104.7
Previous monthly minimum 101.03
Fibonacci daily 38.2 102.44
Fibonacci 61.8% daily 102.37
Daily Pivot Point S1 102.32
Daily Pivot Point S2 102.13
Daily Pivot Point S3 102.02
Daily Pivot Point R1 102.63
Daily Pivot Point R2 102.74
Daily Pivot Point R3 102.93

Source: Fx Street

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