US Dollar Index Price Analysis: A move to 93.00 is in the offing

DXY keeps the constructive note despite the ongoing knee-jerk.
Further recovery now targets the round level at 93.00 the figure.

Pablo Piovano FXStreet

DXY eases some ground after hitting fresh 3-month peaks in the 92.80/85 band on Wednesday.

If the dollar manages to gather further upside impulse, then the index is expected to meet an interim barrier at 93.00 ahead of the so far 2021 highs near 93.50 recorded in late March.

In the meantime, and looking at the broader scenario, the outlook for the dollar is seen constructive while above the 200-day SMA, today at 91.40.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.44
Today Daily Change	40
Today Daily Change %	-0.31
Today daily open	92.73

Trends
Daily SMA20	91.75
Daily SMA50	90.88
Daily SMA100	91.27
Daily SMA200	91.41

Levels
Previous Daily High	92.85
Previous Daily Low	92.42
Previous Weekly High	92.74
Previous Weekly Low	91.7
Previous Monthly High	92.45
Previous Monthly Low	89.66
Daily Fibonacci 38.2%	92.68
Daily Fibonacci 61.8%	92.58
Daily Pivot Point S1	92.48
Daily Pivot Point S2	92.24
Daily Pivot Point S3	92.06
Daily Pivot Point R1	92.91
Daily Pivot Point R2	93.09
Daily Pivot Point R3	93.33

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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