USD Index Price Analysis: The 102.00 region offers decent support… for now

• The index manages to regain some poise near 102.00.
• Further losses remain on the cards below 102.00.

Finally, some respite for the dollar sees the index pick up some upside traction and leave the area of recent lows near the 102.00 yardstick on Friday.

In case bears regain the upper hand, the loss of the January low at 101.98 (January 13) should put a potential deeper drop to the May 2022 low around 101.30 (May 30) back on the investors’ radar prior to the psychological 100.00 level.

In the meantime, while below the 200-day SMA at 106.39 the outlook for DXY should remain tilted to the negative side.

DXY daily chart