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.

Pablo Piovano FXStreet

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

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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