💵 DXY 6th March 2025 Daily Analysis: Critical Technical Thresholds

Current Market Price (DCMP): 104.188

Recent Swing High: 108.523 | Recent Swing Low: 106.126

🔥 Price Structure Breakdown

🔻 Below DCMP (Support Territory)

Immediate Floor: 104.189 (Fib 50% retracement cluster)

Critical Defense: 103.832 | 103.253

Breakdown Catalyst: 102.900 (2025 structural low)

🔺 Above DCMP (Resistance Frontier)

First Barrier: 105.582 (Price rejection zone)

Upper Limit: 106.281 (Year-to-date high)

🚨 Trade Setup

🔴 Intraday Sell Opportunity

Entry: 🎯 105.582 (Confluence of 38.2% Fib + VWAP resistance)

Stop Loss: 🔴 106.531 (+0.949 points)

Take Profit 1: 🚀 104.767 (-0.815 points)

Take Profit 2: 💥 104.189 (-1.393 points)

Rationale:

Bearish order block at 105.582 aligns with 38.2% Fib level (swing low 106.126 → high 108.523)

MACD histogram shows bearish momentum acceleration

📉 Technical Landscape

Fibonacci Framework

23.6% Resistance: 106.281 (Breakout confirmation level)

38.2% Resistance: 105.582 (High-probability reversal zone)

Momentum Indicators

RSI: 62.1 with hidden bearish divergence on 4H chart

MACD: Bearish crossover confirmed below signal line

🎯 Strategic Outlook

DXY faces critical test at 104.188 pivot. Sustained holds above 105.582 may trigger rally toward 106.281, while breakdown below 104.189 risks plunge to 103.253. Monitor Fed Chair testimony (March 7) for USD volatility.

⚡ Catalyst Watch: US Nonfarm Payrolls data (March 8) – strong jobs report could amplify dollar strength!

Key Technical Elements:

104.189-105.582 forms decisive battle range

Bearish engulfing pattern at 105.346 resistance

MACD lines diverging below equilibrium zone

102.900-108.523 range contains 85% of 2025 price action

⚠️ Risk Notice: Currency indices exhibit high volatility. Use 1% capital allocation with 2:1 risk-reward ratio.