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.

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

 

 

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