US Dollar Index Price Analysis: Corrective upside could re-test 100.00

DXY’s bounce off lows near 99.00 gathers extra pace on Friday.
Next on the upside now emerges the triple-digit key frontier.

Pablo Piovano FXStreet

DXY is advancing to 4-day highs and manages to trade at shouting distance from the psychological mark at 100.00 the figure.

If the buying interest intensifies, then a surpass of 100.00 should put the key resistance in the mid-100.00s back on traders’ radar.

While above the key 200-day SMA, today at 98.48, the constructive stance is expected to remain unchanged.

DXY daily chart

Dollar Index Spot

Overview
Today last price	99.84
Today Daily Change	48
Today Daily Change %	0.43
Today daily open	99.41

Trends
Daily SMA20	99.79
Daily SMA50	99.95
Daily SMA100	98.92
Daily SMA200	98.49

Levels
Previous Daily High	99.52
Previous Daily Low	99.02
Previous Weekly High	100.56
Previous Weekly Low	99.56
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	99.33
Daily Fibonacci 61.8%	99.21
Daily Pivot Point S1	99.12
Daily Pivot Point S2	98.82
Daily Pivot Point S3	98.62
Daily Pivot Point R1	99.61
Daily Pivot Point R2	99.81
Daily Pivot Point R3	100.11

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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