USD Index Price Analysis: Downside Alleviated Above 103.15/20

  • DXY extends the bounce and reclaims the 102.00 mark and above.
  • Next on the upside appears the 103.15/20 band.

DXY adds to Thursday’s gains and surpasses the key barrier at 102.00 the figure at the end of the week.

In the meantime, the index remains broadly side-lined and with a downwards bias. That said, further upside should clear the 103.15/20 band, where the interim 55- and 100-day SMAs coincide to see the bearish perspective somewhat mitigated.

Looking at the broader picture, while below the 200-day SMA, today at 106.07, 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 102.03
Today Daily Change 64
Today Daily Change % 0.54
Today daily open 101.48
TRENDS
Daily SMA20 101.82
Daily SMA50 103.14
Daily SMA100 103.24
Daily SMA200 106.18
LEVELS
Previous Daily High 101.8
Previous Daily Low 101.28
Previous Weekly High 102.23
Previous Weekly Low 101.53
Previous Monthly High 105.89
Previous Monthly Low 101.92
Daily Fibonacci 38.2% 101.6
Daily Fibonacci 61.8% 101.48
Daily Pivot Point S1 101.24
Daily Pivot Point S2 101
Daily Pivot Point S3 100.72
Daily Pivot Point R1 101.76
Daily Pivot Point R2 102.04
Daily Pivot Point R3 102.29

More By This Author:

Crude Oil Futures: Room For Further Upside Near Term
USD Index Returns To The Positive Territory Near 101.70
USD Index Price Analysis: Further Losses Not Ruled Out

Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...

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