USD Index Price Analysis: Extra consolidation in store near term


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  • 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

Overview
Today last price 102.07
Today Daily Change 46
Today Daily Change % 0.04
Today daily open 102.03
 
Trends
Daily SMA20 103.27
Daily SMA50 104.34
Daily SMA100 107.48
Daily SMA200 106.78
 
Levels
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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