TRENDING:

US CPI

BoE Interest Rate

USD Index Price Analysis: Another drop below 102.00 should not be ruled out

DXY alternates gains with losses around the 103.00 region.
The resumption of the selling bias could see the sub-102.00 area retested.

Pablo Piovano FXStreet

DXY trades within an inconclusive range in the 103.00 neighbourhood at the beginning of the week.

If bulls fail to regain control of the sentiment – ideally in the very near term - the index could lose the grip and challenge recent lows in the sub-102.00 zone (March 23). Extra losses from here could put a visit to the 2023 low around 100.80 (February 2) back on the investors’ radar

Looking at the broader picture, while below the 200-day SMA, today at 106.59, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	103.07
Today Daily Change	25
Today Daily Change %	-0.05
Today daily open	103.12

Trends
Daily SMA20	104.21
Daily SMA50	103.46
Daily SMA100	104.19
Daily SMA200	106.77

Levels
Previous Daily High	103.36
Previous Daily Low	102.5
Previous Weekly High	103.96
Previous Weekly Low	101.92
Previous Monthly High	105.36
Previous Monthly Low	100.81
Daily Fibonacci 38.2%	103.03
Daily Fibonacci 61.8%	102.83
Daily Pivot Point S1	102.63
Daily Pivot Point S2	102.14
Daily Pivot Point S3	101.77
Daily Pivot Point R1	103.49
Daily Pivot Point R2	103.85
Daily Pivot Point R3	104.34

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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Dollar Index Spot

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