US Dollar Index Price Analysis: A move above the 2021 high remains on the cards

  • DXY adds to recent gains and approaches the YTD peak.
  • A break above 94.56 opens the door to test 94.74.

The buying pressure around the dollar extends for the second straight session and motivates DXY to flirt with the 2021 high in the mid-94.00s (October 12).

If the yearly tops are cleared, then the focus of attention is expected to gyrate to the September 2020 top at 94.74 ahead of the round level at 95.00 in the short-term horizon.

Extra gains remain well in the pipeline as long as the index navigates above the short-term resistance line (off the September low) near 93.50.

DXY daily chart

Dollar Index Spot

Today last price 94.53
Today Daily Change 27
Today Daily Change % 0.21
Today daily open 94.33
Daily SMA20 93.95
Daily SMA50 93.46
Daily SMA100 92.99
Daily SMA200 92.03
Previous Daily High 94.47
Previous Daily Low 93.83
Previous Weekly High 94.3
Previous Weekly Low 93.28
Previous Monthly High 94.56
Previous Monthly Low 93.28
Daily Fibonacci 38.2% 94.23
Daily Fibonacci 61.8% 94.08
Daily Pivot Point S1 93.95
Daily Pivot Point S2 93.57
Daily Pivot Point S3 93.3
Daily Pivot Point R1 94.59
Daily Pivot Point R2 94.85
Daily Pivot Point R3 95.23



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