US Dollar Index Price Analysis: A break below 100.00 appears on the cards


  • DXY is losing further momentum and challenges the 100.00 barrier.
  • Immediately to the downside emerges the 99.90 region.

DXY is trading on the defensive on Tuesday. In fact, the index has eroded Monday’s gains and is facing moderate selling pressure in the proximity of the 100.00 mark.

If sellers regain the upper hand, then the next target of relevance emerges at the February’s peak at 99.91. If cleared, a dip to late-March lows near 98.30 should return to the radar ahead of the key 200-day SMA, today at 98.11.

So far, the constructive stance on the buck remains unchanged as long as the 200-day SMA holds the downside.

DXY daily chart

Dollar Index Spot

Overview
Today last price 100.06
Today Daily Change 79
Today Daily Change % -0.73
Today daily open 100.8
 
Trends
Daily SMA20 99.72
Daily SMA50 98.86
Daily SMA100 98.18
Daily SMA200 98.11
 
Levels
Previous Daily High 100.93
Previous Daily Low 100.48
Previous Weekly High 100.86
Previous Weekly Low 98.31
Previous Monthly High 103
Previous Monthly Low 94.63
Daily Fibonacci 38.2% 100.76
Daily Fibonacci 61.8% 100.65
Daily Pivot Point S1 100.54
Daily Pivot Point S2 100.29
Daily Pivot Point S3 100.09
Daily Pivot Point R1 100.99
Daily Pivot Point R2 101.19
Daily Pivot Point R3 101.44

 

 

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