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.

Pablo Piovano FXStreet

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

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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