US Dollar Index Price Analysis: Extra gains could see 94.30 re-tested

DXY prints 2021 highs beyond the 93.00 mark on Tuesday.
Further north comes in the November 2020 high near 94.30.

Pablo Piovano FXStreet

The dollar extends the rally further and manages well to finally break above the key barrier at 93.00 the figure when tracked by the US Dollar Index (DXY).

Against this, the continuation of the uptrend looks likely in the short-term horizon. That said, there are no relevant up barriers until the November 2020 highs in the 94.25/30 band.

The downside pressure around the index looks alleviated after the recent breakout of the 200-day SMA (92.52). If DXY manages to keep business above the latter on a sustainable basis, then the outlook should shift to constructive, at least in the near-term.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.1
Today Daily Change	29
Today Daily Change %	0.18
Today daily open	92.93

Trends
Daily SMA20	91.93
Daily SMA50	91.12
Daily SMA100	91.04
Daily SMA200	92.54

Levels
Previous Daily High	92.96
Previous Daily Low	92.72
Previous Weekly High	92.92
Previous Weekly Low	91.71
Previous Monthly High	91.6
Previous Monthly Low	89.68
Daily Fibonacci 38.2%	92.87
Daily Fibonacci 61.8%	92.81
Daily Pivot Point S1	92.78
Daily Pivot Point S2	92.63
Daily Pivot Point S3	92.54
Daily Pivot Point R1	93.03
Daily Pivot Point R2	93.12
Daily Pivot Point R3	93.27

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.

GBP/USD flirts with weekly highs in the Fed's aftermath

GBP/USD reversed early losses following the Federal Reserve decision to keep rates on hold and neared the 1.3360 level before shedding some ground. Focus shifts to Governor Kevin Warsh's speech, while the Bank of England will announce its monetary policy decision on Thursday.

EUR/USD extends rally pass 1.1450 on Fed's Warsh

EUR/USD trades at fresh weekly highs above 1.1450, following the Federal Reserve monetary policy decision to keep interest rates on hold. The statement showed policymakers remain confident in economic progress while blaming inflation on energy prices. The divided vote among officials put in doubt a September hike, leading to sharp US Dollar losses.

Gold hovers around $4,100 as Fed decision hits the USD

Gold surged following the Federal Reserve's decision to keep the benchmark interest rate unchanged at 3.50%-3.75%. Policymakers noted that inflation remains elevated and that economic activity is expanding at a solid pace despite elevated uncertainty, spurring doubts about a rate hike in September. XAU/USD peaked above $4,100, now battling to retain the level.

Bitcoin slips below support, Ethereum and XRP flash bearish signals

Bitcoin, Ethereum and Ripple remain under pressure on Wednesday after a mild correction earlier this week. BTC slips below a key support zone, and ETH is testing a key resistance zone. Meanwhile, XRP is drifting toward the psychologically important $1.00 support level.

How the CLARITY Act unlocks Wall Street’s tokenization pipeline

The United States (US) Digital Asset Market Clarity Act (CLARITY Act), awaiting a full Senate floor vote, promises to unlock Wall Street’s potential to tokenize financial assets, including equities, US Treasuries, private credit, real estate and commodities at a scale that could supercharge the real-world asset (RWA) market from the current $17 billion level to $5.5 trillion by 2030, according to

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.