USD Index Price Analysis: There is a minor support at 102.58

DXY remains well on the defensive and threatens 103.00.
Further losses could see the weekly low at 102.58 revisited.

Pablo Piovano FXStreet

DXY adds to the ongoing decline and puts the 103.00 region to the test on Tuesday.

The bearish mood appears unabated for the time being. Against that, there is a minor support at the weekly low at 102.58 (February 14), while the loss of this region could spark a deeper pullback to the 2023 low near 101.80 (February 2).

Looking at the broader picture, while below the 200-day SMA, today at 106.62, the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price	103.11
Today Daily Change	50
Today Daily Change %	-0.17
Today daily open	103.29

Trends
Daily SMA20	104.56
Daily SMA50	103.45
Daily SMA100	104.34
Daily SMA200	106.83

Levels
Previous Daily High	103.96
Previous Daily Low	103.28
Previous Weekly High	105.11
Previous Weekly Low	103.44
Previous Monthly High	105.36
Previous Monthly Low	100.81
Daily Fibonacci 38.2%	103.54
Daily Fibonacci 61.8%	103.7
Daily Pivot Point S1	103.06
Daily Pivot Point S2	102.82
Daily Pivot Point S3	102.37
Daily Pivot Point R1	103.75
Daily Pivot Point R2	104.2
Daily Pivot Point R3	104.43

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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