- DXY extends further the corrective pullback and retests 103.00.
- The resumption of the uptrend could revisit the 200-day SMA.
DXY appears to have met a decent resistance area around 103.60, or multi-week peaks, so far this month.
In case bulls regain the upper hand, a convincing move past 103.60/65 could pave the way for a potential challenge of the key 200-day SMA, today at 105.76 just ahead of the 2023 high 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.
Dollar Index Spot
|Today last price||103.09|
|Today Daily Change||33|
|Today Daily Change %||-0.10|
|Today daily open||103.19|
|Previous Daily High||103.62|
|Previous Daily Low||102.99|
|Previous Weekly High||103.63|
|Previous Weekly Low||102.2|
|Previous Monthly High||103.06|
|Previous Monthly Low||100.79|
|Daily Fibonacci 38.2%||103.23|
|Daily Fibonacci 61.8%||103.38|
|Daily Pivot Point S1||102.92|
|Daily Pivot Point S2||102.64|
|Daily Pivot Point S3||102.29|
|Daily Pivot Point R1||103.54|
|Daily Pivot Point R2||103.9|
|Daily Pivot Point R3||104.17|
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