US Dollar Index Price Analysis: Attention shifts to 94.00 and beyond

DXY picks up further pace and challenges 2021 highs.
The surpass of 2021 peaks should expose 94.00.

Pablo Piovano FXStreet

DXY pushes higher and trades closer to the YTD highs past the 93.70 level.

Further upside faces immediate hurdle at the 2021 top at 93.72 while the breakout of this level should put the round level at 94.00 on the radar ahead of the November 2020 high at 94.30.

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is seen unchanged while above the 200-day SMA, today at 91.51.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.64
Today Daily Change	29
Today Daily Change %	0.24
Today daily open	93.42

Trends
Daily SMA20	92.79
Daily SMA50	92.75
Daily SMA100	91.95
Daily SMA200	91.5

Levels
Previous Daily High	93.49
Previous Daily Low	93.21
Previous Weekly High	93.53
Previous Weekly Low	92.98
Previous Monthly High	93.73
Previous Monthly Low	91.82
Daily Fibonacci 38.2%	93.38
Daily Fibonacci 61.8%	93.32
Daily Pivot Point S1	93.26
Daily Pivot Point S2	93.09
Daily Pivot Point S3	92.97
Daily Pivot Point R1	93.54
Daily Pivot Point R2	93.66
Daily Pivot Point R3	93.82

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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