USD Index Price Analysis: Rising Bets From A Break Below 101.00
- DXY starts the week on the defensive near 101.00.
- The breakout of 101.00 could open the door to extra losses.
DXY faces some extra downside pressure and puts the 101.00 support to the test at the beginning of the week.
The weekly low at 101.01 represents the next significant support for the current decline (April 26). Losing this area might pave the way to a deeper decline to the 2023 low at 100.78. (April 14).
Looking at the broader picture, while below the 200-day SMA, today at 105.93, 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 | 101.06 |
| Today Daily Change | 29 |
| Today Daily Change % | -0.22 |
| Today daily open | 101.28 |
| TRENDS | |
|---|---|
| Daily SMA20 | 101.7 |
| Daily SMA50 | 102.81 |
| Daily SMA100 | 103.07 |
| Daily SMA200 | 106.04 |
| LEVELS | |
|---|---|
| Previous Daily High | 101.79 |
| Previous Daily Low | 101.12 |
| Previous Weekly High | 102.4 |
| Previous Weekly Low | 101.03 |
| Previous Monthly High | 103.06 |
| Previous Monthly Low | 100.79 |
| Daily Fibonacci 38.2% | 101.37 |
| Daily Fibonacci 61.8% | 101.53 |
| Daily Pivot Point S1 | 101 |
| Daily Pivot Point S2 | 100.72 |
| Daily Pivot Point S3 | 100.33 |
| Daily Pivot Point R1 | 101.67 |
| Daily Pivot Point R2 | 102.07 |
| Daily Pivot Point R3 | 102.34 |
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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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