USD Index Price Analysis: Next On The Upside Comes 103.50

  • DXY comes under some selling pressure and tests 102.90.
  • Extra gains meet the next target of note around 103.50.

DXY comes under some moderated selling pressure after three consecutive daily advances on Thursday.

While further consolidation seems probable in the very near term, the continuation of the uptrend in place since mid-June could challenge the weekly high at 103.54 (June 30) prior to the May high at 104.69 (May 31), which appears reinforced by the 200-day SMA.

Looking at the broader picture, while below the 200-day SMA at 104.70, 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 103.23
Today Daily Change 55
Today Daily Change % -0.13
Today daily open 103.36
TRENDS
Daily SMA20 102.88
Daily SMA50 102.89
Daily SMA100 103.04
Daily SMA200 104.41
LEVELS
Previous Daily High 103.39
Previous Daily Low 102.96
Previous Weekly High 103.55
Previous Weekly Low 102.32
Previous Monthly High 104.5
Previous Monthly Low 101.92
Daily Fibonacci 38.2% 103.22
Daily Fibonacci 61.8% 103.12
Daily Pivot Point S1 103.08
Daily Pivot Point S2 102.8
Daily Pivot Point S3 102.65
Daily Pivot Point R1 103.52
Daily Pivot Point R2 103.67
Daily Pivot Point R3 103.95

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USD Index Price Analysis: Near-Term Consolidation On The Cards

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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