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US Dollar Index Price Analysis: Further decline expected to 104.00

  • The DXY adds to Wednesday’s recovery and revisits the 104.50 area.
  • The resumption of selling pressure initially points to 103.98.

He US Dollar Index (DXY) manages to pick up the pace and further extends the rebound from the lows around 104.00 on Thursday.

Should the bears regain control, a break of the November low of 103.98 (Nov. 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 before the weekly low of 102.96 (Nov. 15). of August).

Meanwhile, as long as it remains above the key 200-day SMA, the outlook for the DXY is expected to remain constructive.

DXY Daily Chart

Dollar Index Spot

Latest price today 104.4
Today Daily variation 25
Today’s daily variation 0.00
Today daily opening 104.4
daily SMA20 105.85
daily SMA50 105.85
SMA100 daily 104.18
SMA200 daily 103.62
Previous daily high 104.51
Previous daily low 103.99
Previous weekly high 106.01
Previous weekly low 104.85
Previous Monthly High 107.35
Previous monthly low 105.35
Daily Fibonacci 38.2 104.31
Fibonacci 61.8% daily 104.19
Daily Pivot Point S1 104.09
Daily Pivot Point S2 103.78
Daily Pivot Point S3 103.57
Daily Pivot Point R1 104.61
Daily Pivot Point R2 104.82
Daily Pivot Point R3 105.13

Source: Fx Street

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