USD Index Price Analysis: Downside Pressure Alleviate Above 102.50
- DXY adds to the promising start of the week and revisits 101.60.
- Next on the upside comes the monthly high near 102.50.
DXY extends the upside bias seen on Monday and reclaims the 101.50/60 band, or 2-day highs, on Tuesday.
A more serious bullish attempt should clear the monthly high at 102.40 (May 2) to mitigate the downside pressure and allow for a potential advance to the provisional 55- and 100-day SMAs at 102.86 and 103.00, respectively.
Looking at the broader picture, while below the 200-day SMA, today at 105.91, 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 | 101.51 |
| Today Daily Change | 22 |
| Today Daily Change % | 0.12 |
| Today daily open | 101.39 |
| TRENDS | |
|---|---|
| Daily SMA20 | 101.64 |
| Daily SMA50 | 102.74 |
| Daily SMA100 | 103.04 |
| Daily SMA200 | 106.01 |
| LEVELS | |
|---|---|
| Previous Daily High | 101.42 |
| Previous Daily Low | 101.04 |
| Previous Weekly High | 102.4 |
| Previous Weekly Low | 101.03 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 101.27 |
| Daily Fibonacci 61.8% | 101.18 |
| Daily Pivot Point S1 | 101.15 |
| Daily Pivot Point S2 | 100.91 |
| Daily Pivot Point S3 | 100.77 |
| Daily Pivot Point R1 | 101.53 |
| Daily Pivot Point R2 | 101.66 |
| Daily Pivot Point R3 | 101.9 |
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