USD Index Price Analysis: Downside alleviated above 103.15/20

DXY extends the bounce and reclaims the 102.00 mark and above.
Next on the upside appears the 103.15/20 band.

Pablo Piovano FXStreet

DXY adds to Thursday’s gains and surpasses the key barrier at 102.00 the figure at the end of the week.

In the meantime, the index remains broadly side-lined and with a downwards bias. That said, further upside should clear the 103.15/20 band, where the interim 55- and 100-day SMAs coincide to see the bearish perspective somewhat mitigated.

Looking at the broader picture, while below the 200-day SMA, today at 106.07, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	102.03
Today Daily Change	64
Today Daily Change %	0.54
Today daily open	101.48

Trends
Daily SMA20	101.82
Daily SMA50	103.14
Daily SMA100	103.24
Daily SMA200	106.18

Levels
Previous Daily High	101.8
Previous Daily Low	101.28
Previous Weekly High	102.23
Previous Weekly Low	101.53
Previous Monthly High	105.89
Previous Monthly Low	101.92
Daily Fibonacci 38.2%	101.6
Daily Fibonacci 61.8%	101.48
Daily Pivot Point S1	101.24
Daily Pivot Point S2	101
Daily Pivot Point S3	100.72
Daily Pivot Point R1	101.76
Daily Pivot Point R2	102.04
Daily Pivot Point R3	102.29

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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