USD Index Price Analysis: Next on the downside comes 100.80

DXY keeps the side-lined trading well in place on Friday.
The breakdown of this theme exposes a drop to the YTD low.

Pablo Piovano FXStreet

DXY trades without clear direction below the 102.00 region at the end of the week.

The index maintains the choppy activity well in place so far this week. Occasional bouts of weakness could spark a potential decline to the 2023 lows in the 100.80/75 band (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 106.21, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	101.77
Today Daily Change	38
Today Daily Change %	-0.01
Today daily open	101.78

Trends
Daily SMA20	102.09
Daily SMA50	103.34
Daily SMA100	103.42
Daily SMA200	106.29

Levels
Previous Daily High	102.12
Previous Daily Low	101.63
Previous Weekly High	102.76
Previous Weekly Low	100.79
Previous Monthly High	105.89
Previous Monthly Low	101.92
Daily Fibonacci 38.2%	101.82
Daily Fibonacci 61.8%	101.94
Daily Pivot Point S1	101.57
Daily Pivot Point S2	101.36
Daily Pivot Point S3	101.08
Daily Pivot Point R1	102.06
Daily Pivot Point R2	102.34
Daily Pivot Point R3	102.55

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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