- DXY accelerates its losses and approaches 103.00.
- Immediately to the downside comes the weekly low of 102.93.
DXY retreats for the third session in a row and trades at shouting distance from the key 103.00 support, or three-month lows.
In case bears push harder, the breakdown of the November low of 103.17 should leave the door open to further retracements in the short-term horizon. That said, the next support emerges at the weekly low of 102.93 (August 30) prior to the psychological 100.00 threshold.
In the meantime, while below the key 200-day SMA at 103.61, the outlook for the index is expected to remain bearish.
DXY daily chart
Dollar Index Spot
|Today last price||103.31|
|Today Daily Change||29|
|Today Daily Change %||-0.17|
|Today daily open||103.49|
|Previous Daily High||103.97|
|Previous Daily Low||103.38|
|Previous Weekly High||105.96|
|Previous Weekly Low||103.85|
|Previous Monthly High||107.35|
|Previous Monthly Low||105.35|
|Daily Fibonacci 38.2%||103.61|
|Daily Fibonacci 61.8%||103.75|
|Daily Pivot Point S1||103.26|
|Daily Pivot Point S2||103.02|
|Daily Pivot Point S3||102.66|
|Daily Pivot Point R1||103.85|
|Daily Pivot Point R2||104.21|
|Daily Pivot Point R3||104.44|
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