USD Index Price Analysis: Extra losses in the pipeline

Pablo Piovano FXStreet

- DXY keeps the negative performance in the low-103.00s.

- Next on the downside emerges the weekly low of 102.93.

DXY extends the leg lower for the fourth session in a row on turnaround Tuesday.

Further weakness in the index is expected to challenge the key support at 103.00 sooner rather than later. The loss of this region exposes the weekly low of 102.93 (August 30) ahead of another round level at 102.00.

In the meantime, while below the key 200-day SMA (103.60), the outlook for the index is expected to remain bearish.

DXY daily chart

Dollar Index Spot

Overview
Today last price	103.17
Today Daily Change	25
Today Daily Change %	-0.05
Today daily open	103.22

Trends
Daily SMA20	104.82
Daily SMA50	105.64
Daily SMA100	104.24
Daily SMA200	103.62

Levels
Previous Daily High	103.53
Previous Daily Low	103.19
Previous Weekly High	104.22
Previous Weekly Low	103.18
Previous Monthly High	107.35
Previous Monthly Low	105.35
Daily Fibonacci 38.2%	103.32
Daily Fibonacci 61.8%	103.4
Daily Pivot Point S1	103.09
Daily Pivot Point S2	102.97
Daily Pivot Point S3	102.75
Daily Pivot Point R1	103.44
Daily Pivot Point R2	103.66
Daily Pivot Point R3	103.78

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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