- The DXY remains under pressure and adds to Thursday’s losses.
- There is decent support around the March lows near 103.50.
The US Dollar Index (DXY) maintains the bearish tone in the second half of the week.
A further loss of momentum could lead the greenback to revisit the area of recent lows near 103.50, which seems underpinned by the temporary 55-day SMA. From here, the index could challenge the weekly low of 102.58 (February 14).
Overall, as long as it stays below the 200-day SMA (106.64), the outlook for the greenback will remain negative.
DXY daily chart
Spot Dollar Index
|Last price today||104.19|
|Today Daily Variation||55|
|today’s daily variation||-0.25|
|today’s daily opening||104.45|
|previous daily high||104.77|
|previous daily low||104.2|
|Previous Weekly High||105.89|
|previous weekly low||104.05|
|Previous Monthly High||105.36|
|Previous monthly minimum||100.81|
|Fibonacci daily 38.2||104.42|
|Fibonacci 61.8% daily||104.55|
|Daily Pivot Point S1||104.18|
|Daily Pivot Point S2||103.9|
|Daily Pivot Point S3||103.61|
|Daily Pivot Point R1||104.75|
|Daily Pivot Point R2||105.04|
|Daily Pivot Point R3||105.32|
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.