USD Index Price Analysis: Further losses in store below 103.50

DXY drops markedly to the 102.00 area following US NFP.
The 103.50 region continues to cap the upside.

Pablo Piovano FXStreet

DXY adds to Thursday’s decline and challenges the key 102.00 support at the end of the week.

The index came under renewed downside pressure soon after hitting multi-week highs near 102.80 on Thursday. So far, the July tops around 103.50 (July 3) emerge as a tough barrier for bulls. This area is also underpinned by the key 200-day SMA.

Looking at the broader picture, while below the 200-day SMA (103.57) the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	101.9
Today Daily Change	71
Today Daily Change %	-0.57
Today daily open	102.48

Trends
Daily SMA20	101.23
Daily SMA50	102.44
Daily SMA100	102.36
Daily SMA200	103.38

Levels
Previous Daily High	102.84
Previous Daily Low	102.36
Previous Weekly High	102.05
Previous Weekly Low	100.55
Previous Monthly High	103.57
Previous Monthly Low	99.57
Daily Fibonacci 38.2%	102.55
Daily Fibonacci 61.8%	102.66
Daily Pivot Point S1	102.28
Daily Pivot Point S2	102.08
Daily Pivot Point S3	101.79
Daily Pivot Point R1	102.76
Daily Pivot Point R2	103.04
Daily Pivot Point R3	103.24

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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