US Dollar Index Price Analysis: Door open to… 100.00?

DXY quickly surpasses the 98.00 mark on Friday.
Next on the upside comes the triple-digit barrier.

Pablo Piovano FXStreet

DXY clinches fresh cycle tops well north of the 98.00 mark at the end of the week.

There is scope for the continuation of the uptrend in the very near term. Against that, there are no hurdles of relevance until the the 99.97 level (May 25 2020 high), which precedes the psychological 100.00 mark.

The short-term bullish stance remains supported by the 5-month line, today near 95.60, while the longer-term outlook for the dollar is seen as constructive above the 200-day SMA at 94.08.

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.62
Today Daily Change	80
Today Daily Change %	0.91
Today daily open	97.73

Trends
Daily SMA20	96.25
Daily SMA50	96.07
Daily SMA100	95.68
Daily SMA200	94.08

Levels
Previous Daily High	97.95
Previous Daily Low	97.35
Previous Weekly High	97.74
Previous Weekly Low	95.69
Previous Monthly High	97.74
Previous Monthly Low	95.14
Daily Fibonacci 38.2%	97.72
Daily Fibonacci 61.8%	97.58
Daily Pivot Point S1	97.4
Daily Pivot Point S2	97.07
Daily Pivot Point S3	96.79
Daily Pivot Point R1	98
Daily Pivot Point R2	98.28
Daily Pivot Point R3	98.61

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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