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USD Index Price Analysis: 103.50 Zone Caps Downside…for Now

  • 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
daily SMA20 104.59
daily SMA50 103.45
daily SMA100 104.4
daily SMA200 106.84
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

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