US Dollar Index Price Analysis: Door open for a visit to 100.00

  • DXY continues to correct lower after failing just below 103.00.
  • The continuation of the leg lower could extend to the 100.00 mark.

DXY remains on the defensive and keeps fading the move to the boundaries of the 103.00 mark, or 3-year highs, recorded earlier in the week.

The index is already flirting with the Fibo retracement (of the 2017-2018 drop) in the mid-100.00s and further decline is expected to test the psychological triple-mark support.

Despite the corrective downside and looking at the broader picture, the positive outlook in the buck remains unchanged as long as the 200-day SMA, today’s at just below 98.00, underpins.

DXY daily chart

Dollar Index Spot

Today last price 100.39
Today Daily Change 68
Today Daily Change % -0.55
Today daily open 100.95
Daily SMA20 98.7
Daily SMA50 98.55
Daily SMA100 98.07
Daily SMA200 97.98
Previous Daily High 101.91
Previous Daily Low 100.84
Previous Weekly High 103
Previous Weekly Low 97.45
Previous Monthly High 99.91
Previous Monthly Low 97.44
Daily Fibonacci 38.2% 101.25
Daily Fibonacci 61.8% 101.5
Daily Pivot Point S1 100.56
Daily Pivot Point S2 100.16
Daily Pivot Point S3 99.49
Daily Pivot Point R1 101.63
Daily Pivot Point R2 102.3
Daily Pivot Point R3 102.7



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