USD Index Price Analysis: Further losses not ruled out


  • DXY extends the consolidative phase for yet another session.
  • Extra retracements could see the 101.00 region breached near term.

DXY alternates gains with losses in the low-101.00s on Thursday.

In the meantime, the index is expected to keep the choppy performance unchanged. The loss of the 101.00 region should spark further bouts of weakness to, initially, the 2023 lows in the 100.80/75 band (April 14).

Looking at the broader picture, while below the 200-day SMA, today at 106.10, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price 101.4
Today Daily Change 23
Today Daily Change % -0.05
Today daily open 101.45
 
Trends
Daily SMA20 101.86
Daily SMA50 103.19
Daily SMA100 103.28
Daily SMA200 106.2
 
Levels
Previous Daily High 101.89
Previous Daily Low 101.01
Previous Weekly High 102.23
Previous Weekly Low 101.53
Previous Monthly High 105.89
Previous Monthly Low 101.92
Daily Fibonacci 38.2% 101.35
Daily Fibonacci 61.8% 101.56
Daily Pivot Point S1 101.01
Daily Pivot Point S2 100.57
Daily Pivot Point S3 100.13
Daily Pivot Point R1 101.89
Daily Pivot Point R2 102.33
Daily Pivot Point R3 102.77

 

 

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