USD Index Price Analysis: No changes to the range bound theme

DXY recoups part of the losses seen on Thursday.
Decent support emerges at the 102.00/101.90 band.

Pablo Piovano FXStreet

DXY manages to regain some balance and bounces off the earlier retracement to the 102.00 neighbourhood.

So far, it seems the index could extend the consolidative range amidst the broader bearish stance. That said, a drop below the monthly low at 101.91 (March 23) should open the door to a potential visit to the 2023 low around 100.80 (February 2).

Looking at the broader picture, while below the 200-day SMA, today at 106.55, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	102.44
Today Daily Change	47
Today Daily Change %	0.26
Today daily open	102.17

Trends
Daily SMA20	103.76
Daily SMA50	103.48
Daily SMA100	104.02
Daily SMA200	106.66

Levels
Previous Daily High	102.78
Previous Daily Low	102.07
Previous Weekly High	103.96
Previous Weekly Low	101.92
Previous Monthly High	105.36
Previous Monthly Low	100.81
Daily Fibonacci 38.2%	102.34
Daily Fibonacci 61.8%	102.51
Daily Pivot Point S1	101.9
Daily Pivot Point S2	101.63
Daily Pivot Point S3	101.19
Daily Pivot Point R1	102.61
Daily Pivot Point R2	103.05
Daily Pivot Point R3	103.32

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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