USD Index Price Analysis: The 102.00 region holds the downside… for now

DXY remains under pressure, albeit off earlier lows in the sub-102.00 zone.
Below the 102.00 region, the index could retest the 2023 low.

Pablo Piovano FXStreet

DXY retreats for the sixth consecutive session and keeps navigating the multi-week zone in the low-102.00s.

The bearish mood appears unabated for the time being. Against that, the breach of the March low at 101.91 (March 23) should put a potential test of the 2023 low near 100.82 (February 2) back on the investors’ radar.

Looking at the broader picture, while below the 200-day SMA, today at 106.60, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	102.25
Today Daily Change	58
Today Daily Change %	-0.31
Today daily open	102.57

Trends
Daily SMA20	104.41
Daily SMA50	103.43
Daily SMA100	104.26
Daily SMA200	106.8

Levels
Previous Daily High	103.26
Previous Daily Low	102.05
Previous Weekly High	105.11
Previous Weekly Low	103.44
Previous Monthly High	105.36
Previous Monthly Low	100.81
Daily Fibonacci 38.2%	102.52
Daily Fibonacci 61.8%	102.8
Daily Pivot Point S1	101.99
Daily Pivot Point S2	101.42
Daily Pivot Point S3	100.78
Daily Pivot Point R1	103.2
Daily Pivot Point R2	103.84
Daily Pivot Point R3	104.41

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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