USD Index Price Analysis: Initial support comes at the 55-day SMA

DXY intensifies the decline and breaches 104.00 on Monday.
The 55-day SMA near 103.50 should offer initial contention.

Pablo Piovano FXStreet

DXY extends the strong bearish momentum and breaks below the 104.00 support to record new multi-week lows.

In case sellers push harder, then the index should face a temporary support at the 55-day SMA at 103.51 prior to the weekly low at 102.58 (February 14).

In the meantime, while below the 200-day SMA at 106.62, the outlook for the greenback is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	103.87
Today Daily Change	95
Today Daily Change %	-0.74
Today daily open	104.64

Trends
Daily SMA20	104.49
Daily SMA50	103.47
Daily SMA100	104.61
Daily SMA200	106.84

Levels
Previous Daily High	105.36
Previous Daily Low	104.05
Previous Weekly High	105.89
Previous Weekly Low	104.05
Previous Monthly High	105.36
Previous Monthly Low	100.81
Daily Fibonacci 38.2%	104.55
Daily Fibonacci 61.8%	104.86
Daily Pivot Point S1	104
Daily Pivot Point S2	103.37
Daily Pivot Point S3	102.69
Daily Pivot Point R1	105.32
Daily Pivot Point R2	105.99
Daily Pivot Point R3	106.63

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.

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold rebounds from one-week low as Israel-Lebanon truce pressures safe-haven USD

Gold gains some positive traction on Thursday and climbs to the $4,475 area during the Asian session, reversing a major part of the previous day's slide to a one-week low. The Israel-Lebanon truce prompts some profit-taking around the US Dollar and supports the commodity.

Hyperliquid: ETF demand, capital rotation fuel HYPE rally as Bitcoin melts

Hyperliquid price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic.

Kevin Warsh takes the Fed helm: What it means for the US Dollar

The Federal Reserve moves away from the highly predictable "forward guidance" model of the Jerome Powell era to a new “Kevin Warsh environment”, characterized by less communication, more policy surprises, and an increased focus on the Fed's complex balance sheet.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.