USD Index Price Analysis: Decent contention emerges at 103.50


  • DXY surrenders part of Wednesday’s sharp uptick north of 105.00.
  • The March low near 103.50 should hold the downside so far.

DXY gives away some of Wednesday’s sharp gains and retreats to the 104.50 region on Thursday.

If bulls regain the upper hand, then the index could dispute the so far 2023 high at 105.88 (March 8) in the short-term horizon ahead of the key 200-day SMA, today at 106.64.

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

DXY daily chart

Dollar Index Spot

Overview
Today last price 104.41
Today Daily Change 49
Today Daily Change % -0.32
Today daily open 104.75
 
Trends
Daily SMA20 104.57
Daily SMA50 103.46
Daily SMA100 104.43
Daily SMA200 106.84
 
Levels
Previous Daily High 105.11
Previous Daily Low 103.44
Previous Weekly High 105.89
Previous Weekly Low 104.05
Previous Monthly High 105.36
Previous Monthly Low 100.81
Daily Fibonacci 38.2% 104.47
Daily Fibonacci 61.8% 104.08
Daily Pivot Point S1 103.76
Daily Pivot Point S2 102.77
Daily Pivot Point S3 102.1
Daily Pivot Point R1 105.43
Daily Pivot Point R2 106.1
Daily Pivot Point R3 107.09

 

 

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