USD Index Price Analysis: Extra advance focuses on 103.00

DXY keeps the recovery well in place and approaches 102.70.
Extra gains now target the 103.00 zone in the near term

Pablo Piovano FXStreet

DXY manages well to reverse the initial pessimism and regain the smile in the vicinitry of the 102.70 region on Tuesday.

Immediately to the upside, the index faces the next hurdle at the 103.00 round level, which appears reinforced by the proximity of the transitory 100-day SMA. The index could see its downside pressure mitigated once this area is cleared on a convincing fashion.

Looking at the broader picture, while below the 200-day SMA at 105.21 the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	102.55
Today Daily Change	33
Today Daily Change %	0.04
Today daily open	102.51

Trends
Daily SMA20	103.6
Daily SMA50	102.61
Daily SMA100	103.06
Daily SMA200	104.98

Levels
Previous Daily High	102.56
Previous Daily Low	102.25
Previous Weekly High	103.76
Previous Weekly Low	102.01
Previous Monthly High	104.7
Previous Monthly Low	101.03
Daily Fibonacci 38.2%	102.44
Daily Fibonacci 61.8%	102.37
Daily Pivot Point S1	102.32
Daily Pivot Point S2	102.13
Daily Pivot Point S3	102.02
Daily Pivot Point R1	102.63
Daily Pivot Point R2	102.74
Daily Pivot Point R3	102.93

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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