US Dollar Index Price Analysis: Retracement seen testing 100.00

DXY continues to correct lower after failing around 103.00.
The continuation of the downside could extend to the 100.00 mark.

Pablo Piovano FXStreet

DXY remains on the defensive following another rejection from the area of yearly peaks in the boundaries of 103.00 the figure.

If the selling mood picks up pace, the index carries the potential to slip pack to, initially, the Fibo retracement (of the 2017-2018 drop) at 100.49 ahead of the psychological triple-mark support.

Looking at the broader picture, the positive outlook in the buck remains unchanged as long as the 200-day SMA (97.96) holds the downside.

DXY daily chart

Dollar Index Spot

Overview
Today last price	101.18
Today Daily Change	75
Today Daily Change %	-0.61
Today daily open	101.8

Trends
Daily SMA20	98.61
Daily SMA50	98.47
Daily SMA100	98.04
Daily SMA200	97.96

Levels
Previous Daily High	102.48
Previous Daily Low	101.05
Previous Weekly High	103
Previous Weekly Low	97.45
Previous Monthly High	99.91
Previous Monthly Low	97.44
Daily Fibonacci 38.2%	101.6
Daily Fibonacci 61.8%	101.93
Daily Pivot Point S1	101.07
Daily Pivot Point S2	100.35
Daily Pivot Point S3	99.64
Daily Pivot Point R1	102.5
Daily Pivot Point R2	103.21
Daily Pivot Point R3	103.93

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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