📉 DXY Daily Analysis Based on Main Key Levels – April 3, 2025

Daily Current Market Price (DCMP): 101.827 🔄

🗝️ Key Levels Summary

Below DCMP (Support)

Immediate Support: 102.842 📍 (Fib 61.8% retracement)

Swing Low (Daily/4H): 103.197 ⚠️

Above DCMP (Resistance)

Near-Term Resistance: 103.338 📍 (Weekly Pivot)

Strong Resistance Zone: 103.659–103.857 🛑

Swing High (Daily): 107.661 ⚠️

🔍 Technical Analysis

1️⃣ Fibonacci Zones:

Price consolidates below 38.2% retracement level (103.338), aligning with swing high rejection at 107.661.

61.8% extension support at 102.842 reinforces downside bias.

2️⃣ Momentum Indicators:

RSI: Neutral at 47, reflecting indecision near DCMP.

MACD: Bearish crossover below zero line; momentum favors sellers.

💡 Trade Setup

❌ Intraday Sell Trade

Entry: 103.338 🎯 (Weekly Resistance)

Stop Loss: 103.857 🛑 (Strong Resistance)

Take Profit 1: 102.842 🚀 (Fib 61.8%)

Take Profit 2: 101.827 🚀 (DCMP Re-test)

Rationale:

DXY faces rejection at 103.338 (weekly pivot) with bearish MACD crossover. Target 102.842–101.827 support zone.

📊 Critical Observations

A close above 103.857 invalidates bearish bias.

Monitor 4-hour closes below 102.842 for bearish confirmation.

🔔 Disclaimer: Technical patterns guide this analysis. Pair with Fed policy shifts for robust execution.

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