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.

Pablo Piovano FXStreet

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 price	92.77
Today Daily Change	27
Today Daily Change %	0.30
Today daily open	92.49

Trends
Daily SMA20	92.7
Daily SMA50	92.64
Daily SMA100	91.76
Daily SMA200	91.39

Levels
Previous Daily High	92.68
Previous Daily Low	92.42
Previous Weekly High	92.86
Previous Weekly Low	92.1
Previous Monthly High	93.73
Previous Monthly Low	91.82
Daily Fibonacci 38.2%	92.52
Daily Fibonacci 61.8%	92.58
Daily Pivot Point S1	92.38
Daily Pivot Point S2	92.27
Daily Pivot Point S3	92.12
Daily Pivot Point R1	92.64
Daily Pivot Point R2	92.79
Daily Pivot Point R3	92.9

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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