- The index extends the side-lined trading around 102.00.
- The resumption of the downside could retest the 101.30 region.
DXY trades within a consolidative phase around the 102.00 neighbourhood for yet another session on Tuesday.
Further range bound should not be ruled out for the time being. In case bears regain the upper hand, the index could then slip further back and revisit the so far 2023 low at 101.52 (January 18) ahead of the May 2022 low around 101.30 (May 30), all before the psychological 100.00 yardstick.
In the meantime, while below the 200-day SMA at 106.45 the outlook for the index should remain tilted to the negative side.
DXY daily chart
Dollar Index Spot
|Today last price||102.07|
|Today Daily Change||46|
|Today Daily Change %||0.04|
|Today daily open||102.03|
|Previous Daily High||102.27|
|Previous Daily Low||101.58|
|Previous Weekly High||102.9|
|Previous Weekly Low||101.51|
|Previous Monthly High||106.02|
|Previous Monthly Low||103.39|
|Daily Fibonacci 38.2%||102.01|
|Daily Fibonacci 61.8%||101.85|
|Daily Pivot Point S1||101.65|
|Daily Pivot Point S2||101.27|
|Daily Pivot Point S3||100.96|
|Daily Pivot Point R1||102.34|
|Daily Pivot Point R2||102.65|
|Daily Pivot Point R3||103.03|
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