DXY fades part of the recent 2-day advance beyond 102.00. (Pivot Orderbook analysis)
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- DXY fades part of the recent 2-day advance beyond 102.00.
- Further selling could put the dollar en route to the 2023 top near 100.80.
The pair currently trades last at 101.68.
The previous day high was 102.23 while the previous day low was 101.53. The daily 38.2% Fib levels comes at 101.97, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.8, expected to provide resistance.
DXY comes under pressure and gives away part of the recent move to the area beyond 102.00 the figure.
Despite the ongoing rebound, the index is expected to remain under pressure for the time being. Against that, losses could accelerate and revisit the 2023 low at 100.78 (April 14). Once this level is cleared, the index could attempt a move to the psychological 100.00 mark.
South from here aligns the late-March 2022 lows near 97.70.
Looking at the broader picture, while below the 200-day SMA, today at 106.30, the outlook for the index is expected to remain negative.
Technical Levels: Supports and Resistances
EURUSD currently trading at 101.68 at the time of writing. Pair opened at 102.1 and is trading with a change of -0.41 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 101.68 |
| 1 | Today Daily Change | 51.00 |
| 2 | Today Daily Change % | -0.41 |
| 3 | Today daily open | 102.10 |
The pair remains strongly bearish on the daily time frame. It trades below the 20 SMA @ 102.24, 50 SMA 103.44, 100 SMA @ 103.51 and 200 SMA @ 106.35.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 102.24 |
| 1 | Daily SMA50 | 103.44 |
| 2 | Daily SMA100 | 103.51 |
| 3 | Daily SMA200 | 106.35 |
The previous day high was 102.23 while the previous day low was 101.53. The daily 38.2% Fib levels comes at 101.97, expected to provide resistance. Similarly, the daily 61.8% fib level is at 101.8, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 101.67, 101.25, 100.97
- Pivot resistance is noted at 102.38, 102.66, 103.08
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 102.23 |
| Previous Daily Low | 101.53 |
| Previous Weekly High | 102.76 |
| Previous Weekly Low | 100.79 |
| Previous Monthly High | 105.89 |
| Previous Monthly Low | 101.92 |
| Daily Fibonacci 38.2% | 101.97 |
| Daily Fibonacci 61.8% | 101.80 |
| Daily Pivot Point S1 | 101.67 |
| Daily Pivot Point S2 | 101.25 |
| Daily Pivot Point S3 | 100.97 |
| Daily Pivot Point R1 | 102.38 |
| Daily Pivot Point R2 | 102.66 |
| Daily Pivot Point R3 | 103.08 |
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