US Dollar Index Price Analysis: Another attempt to 93.70 looks likely


  • DXY adds to Friday’s gains above the key 93.00 barrier.
  • Immediately to the up now emerges the weekly top near 93.70.

The index extends the bounce off the sub-93.00 region on Monday and advances to fresh tops beyond 93.30 on the back of broad-based sell off in the risk complex.

The continuation of the recovery should put last week’s highs near 93.70 back on investors’ radar ahead of the more relevant hurdle in the 94.00 neighbourhood (August 3).

The negative outlook in DXY is seen unchanged while below the 200-day SMA, today at 97.16.

DXY daily chart

Dollar Index Spot

Overview
Today last price 93.32
Today Daily Change 62
Today Daily Change % 0.33
Today daily open 93.01
 
Trends
Daily SMA20 92.94
Daily SMA50 93.58
Daily SMA100 95.83
Daily SMA200 97.19
 
Levels
Previous Daily High 93.02
Previous Daily Low 92.77
Previous Weekly High 93.61
Previous Weekly Low 92.77
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 92.92
Daily Fibonacci 61.8% 92.86
Daily Pivot Point S1 92.84
Daily Pivot Point S2 92.68
Daily Pivot Point S3 92.59
Daily Pivot Point R1 93.09
Daily Pivot Point R2 93.18
Daily Pivot Point R3 93.34

 

 

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