US Dollar Index Price Analysis: Another visit to the August peak looks likely

DXY adds to Friday’s gains and reclaims 106.00 and beyond.
Further upside could extend to the 107.00 region in the near term.

Pablo Piovano FXStreet

DXY keeps the recovery mode well in place beyond the 106.00 mark at the beginning of the week.

The continuation of the upside momentum could extend to the August high near the 107.00 yardstick (August 5). Further north, the index could attempt to challenge the weekly high at 107.42 (July 27).

Looking at the broader scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 100.10.

DXY daily chart

Dollar Index Spot

Overview
Today last price	106.23
Today Daily Change	79
Today Daily Change %	0.52
Today daily open	105.68

Trends
Daily SMA20	106.35
Daily SMA50	105.58
Daily SMA100	103.58
Daily SMA200	99.99

Levels
Previous Daily High	105.89
Previous Daily Low	105.09
Previous Weekly High	106.81
Previous Weekly Low	104.64
Previous Monthly High	109.29
Previous Monthly Low	104.69
Daily Fibonacci 38.2%	105.58
Daily Fibonacci 61.8%	105.4
Daily Pivot Point S1	105.22
Daily Pivot Point S2	104.76
Daily Pivot Point S3	104.42
Daily Pivot Point R1	106.01
Daily Pivot Point R2	106.35
Daily Pivot Point R3	106.81

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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