US Dollar Index Price Analysis: Extra gains line up above 92.50

DXY resumes the (small) upside following Tuesday’s retracement.
Next on the upside comes in the YTD peaks in the mid-92.00s.

Pablo Piovano FXStreet

DXY appears to have regained the smile on Wednesday. The rejection from the 92.50 area (March 9) seems to have met decent contention in the 92.00 neighbourhood for the time being.

The continuation of the uptrend looks likely despite the ongoing correction, which is also seem justified on the recent overbought conditions of the index. A surpass of YTD tops around 92.50 should put the 200-day SMA at 92.85 back on the radar.

A break above the latter should shift the outlook to a more constructive one and allow for extra gains to, initially, the November 2020 highs near 94.30 (November 2).

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.13
Today Daily Change	28
Today Daily Change %	0.17
Today daily open	91.97

Trends
Daily SMA20	90.81
Daily SMA50	90.55
Daily SMA100	91.2
Daily SMA200	92.88

Levels
Previous Daily High	92.5
Previous Daily Low	91.91
Previous Weekly High	92.21
Previous Weekly Low	90.63
Previous Monthly High	91.6
Previous Monthly Low	89.68
Daily Fibonacci 38.2%	92.14
Daily Fibonacci 61.8%	92.28
Daily Pivot Point S1	91.75
Daily Pivot Point S2	91.54
Daily Pivot Point S3	91.16
Daily Pivot Point R1	92.34
Daily Pivot Point R2	92.72
Daily Pivot Point R3	92.94

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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