USD Index Price Analysis: Topside Appears Capped Near 104.00
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- The index maintains erratic activity around 103.00 so far.
- The monthly high near 104.00 continues to cap the upside.
DXY reverses the recent 2-day retracement and regains the 103.60 region on Wednesday.
The ongoing price action leaves the door open to the continuation of the consolidative note for the time being. Occasional bouts of strength, however, are expected to remain limited by the proximity of the 104.00 zone, or February highs (February 7).
In the longer run, while below the 200-day SMA at 106.45, the outlook for the index remains negative.
DXY daily chart
Dollar Index Spot
| OVERVIEW | |
|---|---|
| Today last price | 103.52 |
| Today Daily Change | 47 |
| Today Daily Change % | 0.26 |
| Today daily open | 103.25 |
| TRENDS | |
|---|---|
| Daily SMA20 | 102.49 |
| Daily SMA50 | 103.39 |
| Daily SMA100 | 105.88 |
| Daily SMA200 | 106.73 |
| LEVELS | |
|---|---|
| Previous Daily High | 103.52 |
| Previous Daily Low | 102.54 |
| Previous Weekly High | 103.96 |
| Previous Weekly Low | 102.64 |
| Previous Monthly High | 105.63 |
| Previous Monthly Low | 101.5 |
| Daily Fibonacci 38.2% | 102.92 |
| Daily Fibonacci 61.8% | 103.15 |
| Daily Pivot Point S1 | 102.69 |
| Daily Pivot Point S2 | 102.13 |
| Daily Pivot Point S3 | 101.72 |
| Daily Pivot Point R1 | 103.67 |
| Daily Pivot Point R2 | 104.08 |
| Daily Pivot Point R3 | 104.64 |
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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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