USD Index Price Analysis: Further consolidation appears in store

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- DXY faces further selling pressure and approaches 106.00. - There is a strong resistance area near 107.

00 so far. DXY retreats to three-day lows in the 106.20/15 band following the rejection from the 107.00 region seen in the second half of last week. So far, extra range bound looks the most likely scenario for the index for the time being. The breakout of this theme exposes a potential move to the weekly top at 106.89 , prior to the round level at 107.00 and just ahead of the 2023 high of 107.34 . So far, while above the key 200-day SMA, today at 103.

DXY daily chart Dollar Index Spot Overview Today last price 106.33 Today Daily Change 54 Today Daily Change % -0.24 Today daily open 106.59 Trends Daily SMA20 106.36 Daily SMA50 105.41 Daily SMA100 103.8 Daily SMA200 103.4 Levels Previous Daily High 106.8 Previous Daily Low 106.33 Previous Weekly High 106.89 Previous Weekly Low 105.35 Previous Monthly High 106.84 Previous Monthly Low 103.27 Daily Fibonacci 38.2% 106.51 Daily Fibonacci 61.8% 106.62 Daily Pivot Point S1 106.

 

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