US Dollar Index Price Analysis: Losses could accelerate below 104.60


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  • DXY revisits the sub-105.00 region once again on Thursday.
  • A drop below 104.60 opens the door to extra losses.

DXY remains well on the defensive and puts the 105.00 support under further pressure on Thursday.

If the selling bias picks up extra pace, the dollar risks a deeper pullback to, initially, the August low at 104.63 (August 10), just ahead of the 6-month support line, today near 104.50.

Looking at the broader scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 99.98.

DXY daily chart

 

Dollar Index Spot

Overview
Today last price 105.02
Today Daily Change 60
Today Daily Change % -0.20
Today daily open 105.23
 
Trends
Daily SMA20 106.65
Daily SMA50 105.45
Daily SMA100 103.45
Daily SMA200 99.88
 
Levels
Previous Daily High 106.36
Previous Daily Low 104.64
Previous Weekly High 107.43
Previous Weekly Low 105.54
Previous Monthly High 109.29
Previous Monthly Low 104.69
Daily Fibonacci 38.2% 105.3
Daily Fibonacci 61.8% 105.7
Daily Pivot Point S1 104.46
Daily Pivot Point S2 103.68
Daily Pivot Point S3 102.73
Daily Pivot Point R1 106.19
Daily Pivot Point R2 107.14
Daily Pivot Point R3 107.91

 

 

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