TRENDING:

ECB interest rate

US CPI

US Dollar Index Price Analysis: Bullish view remains intact above 95.50

DXY comes under some pressure around the 97.00 level.
Further upside could retest the 2022 high at 97.73.

Pablo Piovano FXStreet

DXY fades Thursday’s climb to new cycle tops in the 97.70/75 band and returns to the 97.00 neighbourhood at the end of the week.

Bets for the continuation of the upside remain on the rise in the near term, with the next barrier at the 2022 high at 97.73 (February 24) just ahead of the 97.80 level (June 30 2020 high).

The short-term constructive stance remains supported by the 5-month line, today near 95.50, while the outlook for the dollar is seen as positive above the 200-day SMA at 93.89 in the longer run.

DXY daily chart

Dollar Index Spot

Overview
Today last price	96.87
Today Daily Change	45
Today Daily Change %	-0.24
Today daily open	97.1

Trends
Daily SMA20	96.04
Daily SMA50	95.99
Daily SMA100	95.54
Daily SMA200	93.9

Levels
Previous Daily High	97.74
Previous Daily Low	96.19
Previous Weekly High	96.44
Previous Weekly Low	95.68
Previous Monthly High	97.44
Previous Monthly Low	94.63
Daily Fibonacci 38.2%	97.15
Daily Fibonacci 61.8%	96.78
Daily Pivot Point S1	96.28
Daily Pivot Point S2	95.46
Daily Pivot Point S3	94.73
Daily Pivot Point R1	97.83
Daily Pivot Point R2	98.56
Daily Pivot Point R3	99.38

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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Dollar Index Spot

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