DXY manages to regain some composure following Tuesday’s sell-off.
Losses are expected to accelerate below the monthly low of 103.98.
DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday.The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30).In the meantime, while above the key 200-day SMA, today at 103.60, the outlook for the index is expected to remain constructive.
DXY daily chart 
Dollar Index Spot
| OVERVIEW |
| Today last price |
104.34 |
| Today Daily Change |
41 |
| Today Daily Change % |
0.26 |
| Today daily open |
104.07 |
| TRENDS |
| Daily SMA20 |
105.95 |
| Daily SMA50 |
105.86 |
| Daily SMA100 |
104.16 |
| Daily SMA200 |
103.61 |
| LEVELS |
| Previous Daily High |
105.73 |
| Previous Daily Low |
103.99 |
| Previous Weekly High |
106.01 |
| Previous Weekly Low |
104.85 |
| Previous Monthly High |
107.35 |
| Previous Monthly Low |
105.35 |
| Daily Fibonacci 38.2% |
104.65 |
| Daily Fibonacci 61.8% |
105.07 |
| Daily Pivot Point S1 |
103.46 |
| Daily Pivot Point S2 |
102.85 |
| Daily Pivot Point S3 |
101.72 |
| Daily Pivot Point R1 |
105.21 |
| Daily Pivot Point R2 |
106.34 |
| Daily Pivot Point R3 |
106.95 |
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