USD Index Price Analysis: Further losses should not be ruled out

The index comes under pressure and breaches 102.00 on Monday.
Bouts of weakness could retest the 101.50 region near term.

Pablo Piovano FXStreet

DXY leaves behind two consecutive daily advances and returns to the sub-102.00 region at the beginning of the week.

In case sellers regain the upper hand, another test of the YTD low at 101.50 could start gathering momentum prior to the May 2022 low around 101.30 (May 30). Further south comes the psychological 100.00 level.

In the longer run, while below the 200-day SMA at 106.47, the outlook for the index remains negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	101.84
Today Daily Change	39
Today Daily Change %	-0.11
Today daily open	101.95

Trends
Daily SMA20	102.82
Daily SMA50	104.01
Daily SMA100	107.01
Daily SMA200	106.74

Levels
Previous Daily High	102.19
Previous Daily Low	101.68
Previous Weekly High	102.44
Previous Weekly Low	101.5
Previous Monthly High	106.02
Previous Monthly Low	103.39
Daily Fibonacci 38.2%	102
Daily Fibonacci 61.8%	101.88
Daily Pivot Point S1	101.69
Daily Pivot Point S2	101.43
Daily Pivot Point S3	101.18
Daily Pivot Point R1	102.2
Daily Pivot Point R2	102.46
Daily Pivot Point R3	102.72

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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