US Dollar Index Price Analysis: Extra gains expected above 99.00

DXY pushes higher and approaches the 99.00 mark.
Beyond 99.00 comes the 2022 peaks around 99.40.

Pablo Piovano FXStreet

DXY adds to Friday’s gains and trades just pips away from the key 99.00 barrier on Monday.

DXY manages to extend further the bounce off the solid contention area in the 97.70 zone (March 30,31), while the ongoing rebound keeps targeting the 99.00 yardstick and beyond in the near term. Above this level is seen the YTD highs around 99.40.

The current bullish stance in the index remains supported by the 6-month line near 96.20, while the longer-term outlook for the dollar is seen constructive while above the 200-day SMA at 94.90.

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.85
Today Daily Change	39
Today Daily Change %	0.28
Today daily open	98.57

Trends
Daily SMA20	98.61
Daily SMA50	97.26
Daily SMA100	96.64
Daily SMA200	94.9

Levels
Previous Daily High	98.75
Previous Daily Low	98.31
Previous Weekly High	99.37
Previous Weekly Low	97.68
Previous Monthly High	99.41
Previous Monthly Low	96.63
Daily Fibonacci 38.2%	98.58
Daily Fibonacci 61.8%	98.48
Daily Pivot Point S1	98.34
Daily Pivot Point S2	98.11
Daily Pivot Point S3	97.9
Daily Pivot Point R1	98.77
Daily Pivot Point R2	98.98
Daily Pivot Point R3	99.21

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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