US Dollar Index Price Analysis: A test of 101.00 still stays on the cards

DXY keeps consolidating the breakout of the 100.00 mark.
A surpass of 100.56 should put 101.00 back on the radar.

Pablo Piovano FXStreet

DXY keeps navigating the upper end of the monthly range above the 100.00 mark and approaches the tough barrier in the 100.50 area, where converge May tops and a Fibo retracement (of the 2017-2018 drop).

A clear breakout of this key hurdle is expected to pave the way for another visit to the April peaks in the 101.00 neighbourhood.

On the broader picture, the 200-day SMA – today at 98.43 – continues to underpin the constructive outlook in the dollar for the time being.

DXY daily chart

Dollar Index Spot

Overview
Today last price	100.24
Today Daily Change	22
Today Daily Change %	-0.04
Today daily open	100.28

Trends
Daily SMA20	99.92
Daily SMA50	99.62
Daily SMA100	98.78
Daily SMA200	98.44

Levels
Previous Daily High	100.56
Previous Daily Low	100.15
Previous Weekly High	100.4
Previous Weekly Low	99.24
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	100.4
Daily Fibonacci 61.8%	100.31
Daily Pivot Point S1	100.1
Daily Pivot Point S2	99.92
Daily Pivot Point S3	99.68
Daily Pivot Point R1	100.51
Daily Pivot Point R2	100.75
Daily Pivot Point R3	100.93

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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