US Dollar Index Price Analysis: Another test of 92.40 not ruled out

DXY advances to multi-day highs just above 92.00.
Recent tops around 92.40 emerge on the horizon.

Pablo Piovano FXStreet

DXY extends the positive mood beyond the 92.00 yardstick, recording at the same time new multi-session peaks.

If the buying impulse gathers extra steam, then the next hurdle of note is located at recent tops near 92.50. This area of resistance is also reinforced by the Fibo level at 92.46.

In the meantime, and looking at the broader scenario, the outlook for the dollar is seen constructive while above the 200-day SMA (91.46).

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.08
Today Daily Change	25
Today Daily Change %	0.21
Today daily open	91.89

Trends
Daily SMA20	90.94
Daily SMA50	90.68
Daily SMA100	91.13
Daily SMA200	91.47

Levels
Previous Daily High	92.02
Previous Daily Low	91.7
Previous Weekly High	92.38
Previous Weekly Low	91.51
Previous Monthly High	91.44
Previous Monthly Low	89.54
Daily Fibonacci 38.2%	91.9
Daily Fibonacci 61.8%	91.82
Daily Pivot Point S1	91.72
Daily Pivot Point S2	91.55
Daily Pivot Point S3	91.4
Daily Pivot Point R1	92.03
Daily Pivot Point R2	92.18
Daily Pivot Point R3	92.35

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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