US Dollar Index Price Analysis: A test of 93.00 looms closer

DXY tested the area of highs in the 92.80 region .
Further upside should test the round level at 93.00.

Pablo Piovano FXStreet

DXY corrects lower following recent tops in the 92.80/85 band earlier on Wednesday.

In spite of the current knee-jerk, the prospects for the dollar fall on the positive side. Hence, further gains remain well on the cards and the surpass of monthly tops around 92.85 should pave the way for a quick move to 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 constructive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.38.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.61
Today Daily Change	24
Today Daily Change %	-0.19
Today daily open	92.79

Trends
Daily SMA20	92.14
Daily SMA50	90.99
Daily SMA100	91.35
Daily SMA200	91.38

Levels
Previous Daily High	92.81
Previous Daily Low	92.14
Previous Weekly High	92.85
Previous Weekly Low	92
Previous Monthly High	92.45
Previous Monthly Low	89.66
Daily Fibonacci 38.2%	92.56
Daily Fibonacci 61.8%	92.4
Daily Pivot Point S1	92.35
Daily Pivot Point S2	91.91
Daily Pivot Point S3	91.68
Daily Pivot Point R1	93.02
Daily Pivot Point R2	93.25
Daily Pivot Point R3	93.69

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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