USD Index Price Analysis: Further south comes 104.85


-  DXY extends the corrective move to the 105.50 zone.

-  The loss of 105.00 exposes a move to the 104.85 level.


DXY retreats for the third consecutive session and revisits the 105.50 zone on Tuesday.

Further decline appears on the cards in the very near term. Against that, the loss of the 105.00 support could put the so-far November low of 104.84 (November 6) to the test prior to the weekly low of 104.42 (September 11), which appears reinforced by the transitory 100-day SMA at 104.17.

In the meantime, while above the key 200-day SMA, today at 103.61, the outlook for the index is expected to remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price 105.59
Today Daily Change 27
Today Daily Change % -0.08
Today daily open 105.67
 
Trends
Daily SMA20 106.06
Daily SMA50 105.87
Daily SMA100 104.15
Daily SMA200 103.61
 
Levels
Previous Daily High 105.96
Previous Daily Low 105.59
Previous Weekly High 106.01
Previous Weekly Low 104.85
Previous Monthly High 107.35
Previous Monthly Low 105.35
Daily Fibonacci 38.2% 105.73
Daily Fibonacci 61.8% 105.82
Daily Pivot Point S1 105.52
Daily Pivot Point S2 105.37
Daily Pivot Point S3 105.15
Daily Pivot Point R1 105.89
Daily Pivot Point R2 106.1
Daily Pivot Point R3 106.25

 

 

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