US Dollar Index Price Analysis: Door open to further retracements

  • DXY keeps the bearish note unchanged so far this week.
  • Odds for a move to the 200-day SMA near 98.50 stay on the rise.

DXY is extending the weekly leg lower after recently breaking below the 100.00 mark.

Interim support emerged at weekly lows in the 99.00 zone (Wednesday). If sellers clear this level then a potential move to the monthly low at 98.57 should come to the fore in the very near-term.

A deeper pullback is expected to put the key 200-day SMA at 98.47 to the test.

DXY daily chart

Dollar Index Spot

Today last price 99.15
Today Daily Change 33
Today Daily Change % -0.03
Today daily open 99.18
Daily SMA20 99.84
Daily SMA50 99.91
Daily SMA100 98.9
Daily SMA200 98.48
Previous Daily High 99.56
Previous Daily Low 99
Previous Weekly High 100.56
Previous Weekly Low 99.56
Previous Monthly High 100.93
Previous Monthly Low 98.81
Daily Fibonacci 38.2% 99.22
Daily Fibonacci 61.8% 99.35
Daily Pivot Point S1 98.94
Daily Pivot Point S2 98.69
Daily Pivot Point S3 98.38
Daily Pivot Point R1 99.49
Daily Pivot Point R2 99.8
Daily Pivot Point R3 100.05



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