US Dollar Index Price Analysis: DXY bounces and approaches 100.00 handle

US dollar index (DXY) is up for a second consecutive day.
The level to beat for buyers is the 100.00 handle.

Flavio Tosti Independent Analyst

DXY daily chart chart

Last week, the greenback had its largest weekly decline since April 1986 as DXY challenged the 50-day simple moving average on the daily chart.

DXY four-hour chart

DXY is rebounding above the main SMAs as the bulls want a daily close above the 100.00 psychological level. A break above the above-mentioned level can open the doors to the 100.50 and 101.50 resistances on the way up. Conversely, bears would need to regain the 98.00 figure to extend the bearish move seen last week.

Additional key levels

Dollar Index Spot

Overview
Today last price	99.39
Today Daily Change	0.37
Today Daily Change %	0.37
Today daily open	99.02

Trends
Daily SMA20	98.84
Daily SMA50	98.63
Daily SMA100	98.09
Daily SMA200	98.02

Levels
Previous Daily High	99.32
Previous Daily Low	98.31
Previous Weekly High	102.82
Previous Weekly Low	98.25
Previous Monthly High	99.91
Previous Monthly Low	97.44
Daily Fibonacci 38.2%	98.93
Daily Fibonacci 61.8%	98.7
Daily Pivot Point S1	98.45
Daily Pivot Point S2	97.87
Daily Pivot Point S3	97.44
Daily Pivot Point R1	99.46
Daily Pivot Point R2	99.89
Daily Pivot Point R3	100.47

Author

Flavio Tosti

Independent Analyst

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