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US Dollar Index Price Analysis: Further gains seen above 92.88

  • DXY reverses Wednesday’s pullback and tests 92.80.
  • Next on the upside aligns 92.88 ahead of 93.18.

DXY leaves behind Wednesday’s negative price action and flirts with the 92.80 level on Thursday.

The index therefore looks to break the consolidative range with the immediate obstacle at the weekly high at 92.88 ahead of the round level at 93.00 the figure. Further north from this level comes the pre-Jackson Hole peak at 93.18.

In the meantime, and looking at the broader scenario, the constructive stance on the dollar is seen unchanged while bove the 200-day SMA, today at 91.40.

DXY daily chart

Dollar Index Spot

Overview
Today last price92.77
Today Daily Change27
Today Daily Change %0.30
Today daily open92.49
 
Trends
Daily SMA2092.7
Daily SMA5092.64
Daily SMA10091.76
Daily SMA20091.39
 
Levels
Previous Daily High92.68
Previous Daily Low92.42
Previous Weekly High92.86
Previous Weekly Low92.1
Previous Monthly High93.73
Previous Monthly Low91.82
Daily Fibonacci 38.2%92.52
Daily Fibonacci 61.8%92.58
Daily Pivot Point S192.38
Daily Pivot Point S292.27
Daily Pivot Point S392.12
Daily Pivot Point R192.64
Daily Pivot Point R292.79
Daily Pivot Point R392.9

Author

Pablo Piovano

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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