- DXY clinches fresh monthly highs near 103.80 on Wednesday.
- Further buying pressure could challenges the 104.00 zone.
DXY advances to fresh highs in the 103.75/80 band before losing some momentum on Wednesday.
In case bulls regain the upper hand, the next up-barrier emerges at the 104.00 hurdle prior to the key 200-day SMA, today at 105.73, and the 2023 peak of 105.88 (March 8).
Looking at the broader picture, while below the 200-day SMA the outlook for the index is expected to remain negative.
DXY daily chart
Dollar Index Spot
|Today last price||103.48|
|Today Daily Change||42|
|Today Daily Change %||-0.05|
|Today daily open||103.53|
|Previous Daily High||103.65|
|Previous Daily Low||103.16|
|Previous Weekly High||103.63|
|Previous Weekly Low||102.2|
|Previous Monthly High||103.06|
|Previous Monthly Low||100.79|
|Daily Fibonacci 38.2%||103.46|
|Daily Fibonacci 61.8%||103.35|
|Daily Pivot Point S1||103.25|
|Daily Pivot Point S2||102.96|
|Daily Pivot Point S3||102.76|
|Daily Pivot Point R1||103.73|
|Daily Pivot Point R2||103.93|
|Daily Pivot Point R3||104.22|
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