USD Index Price Analysis: Further range bound ahead of potential losses?

DXY navigates within the recent side-lined trading below 102.00.
Further losses could put the 2023 low back on the radar.

Pablo Piovano FXStreet

DXY extends the move higher and revisits the mid-101.00s following an earlier failed attempt to retake the 102.00 yardstick on Monday.

The recent choppy performance in the index seems to have now refocused back on the downside. Against that, DXY could cling to this consolidative theme ahead of a probable drop to the so far 2023 lows near 100.80 (April 14) ahead of the psychological support at the 100.00 mark.

Looking at the broader picture, while below the 200-day SMA, today at 106.18, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	101.59
Today Daily Change	38
Today Daily Change %	-0.13
Today daily open	101.72

Trends
Daily SMA20	102.02
Daily SMA50	103.31
Daily SMA100	103.38
Daily SMA200	106.27

Levels
Previous Daily High	102.12
Previous Daily Low	101.65
Previous Weekly High	102.23
Previous Weekly Low	101.53
Previous Monthly High	105.89
Previous Monthly Low	101.92
Daily Fibonacci 38.2%	101.83
Daily Fibonacci 61.8%	101.94
Daily Pivot Point S1	101.54
Daily Pivot Point S2	101.36
Daily Pivot Point S3	101.07
Daily Pivot Point R1	102.01
Daily Pivot Point R2	102.3
Daily Pivot Point R3	102.48

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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