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USD Index Price Analysis: Another drop below 103.00 is not ruled out

  • DXY attempts a decent bounce and retakes 103.00 and beyond.
  • Next on the downside appears the June low near 102.70.

Despite the ongoing rebound, DXY remains under pressure around the 103.00 region on Thursday.                                                                                             

In case the index breaches the monthly low near 103.00, it could then pave the way for another visit to the monthly low of 102.66 (June 14) prior to the interim 55-day SMA at 102.56.

Looking at the broader picture, while below the 200-day SMA at 105.32 the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price 103.19
Today Daily Change 46
Today Daily Change % 0.17
Today daily open 103.02
 
Trends
Daily SMA20 103.76
Daily SMA50 102.61
Daily SMA100 103.05
Daily SMA200 105.15
 
Levels
Previous Daily High 103.4
Previous Daily Low 102.66
Previous Weekly High 104.4
Previous Weekly Low 103.29
Previous Monthly High 104.7
Previous Monthly Low 101.03
Daily Fibonacci 38.2% 102.94
Daily Fibonacci 61.8% 103.12
Daily Pivot Point S1 102.65
Daily Pivot Point S2 102.28
Daily Pivot Point S3 101.91
Daily Pivot Point R1 103.39
Daily Pivot Point R2 103.77
Daily Pivot Point R3 104.14

 

 

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