USD Index Price Analysis: Immediately To The Downside Comes 103.00

DXY leaves behind Friday’s decent advance and refocuses on the downside, clocking at the same time new multi-week lows in the 103.25/20 band on Monday.

  • DXY resumes the decline and drops to new lows.
  • The 103.00 zone emerges as the next support.

DXY leaves behind Friday’s decent advance and refocuses on the downside, clocking at the same time new multi-week lows in the 103.25/20 band on Monday.                                                                                            

In case the index extends the retracement, it could then put the transitory 100-day SMA around 103.00 to the test ahead of the provisional 55-day SMA at 102.52.

Looking at the broader picture, while below the 200-day SMA at 105.42 the outlook for the index is expected to remain negative.
 

DXY daily chart

(Click on image to enlarge)


Dollar Index Spot

OVERVIEW
Today last price 103.45
Today Daily Change 46
Today Daily Change % -0.10
Today daily open 103.55
TRENDS
Daily SMA20 103.66
Daily SMA50 102.52
Daily SMA100 103
Daily SMA200 105.29
LEVELS
Previous Daily High 103.61
Previous Daily Low 103.29
Previous Weekly High 104.4
Previous Weekly Low 103.29
Previous Monthly High 104.7
Previous Monthly Low 101.03
Daily Fibonacci 38.2% 103.49
Daily Fibonacci 61.8% 103.41
Daily Pivot Point S1 103.36
Daily Pivot Point S2 103.17
Daily Pivot Point S3 103.05
Daily Pivot Point R1 103.67
Daily Pivot Point R2 103.8
Daily Pivot Point R3 103.99

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