US Dollar Index Price Analysis: Further upside expected above 92.60

DXY cliches fresh 2021 highs around 92.60 on Wednesday.
Extra gains remain on the cards on a surpass of 92.60.

Pablo Piovano FXStreet

The dollar picks up further traction and lifts DXY to new yearly peaks around 92.60, area coincident with the critical 200-day SMA.

A convincing break above the latter should allow for the continuation of the uptrend and a shift to a more constructive stance, at least in the near/medium-term.

Further north of this area there is a minor hurdle at the 93.00 yardstick ahead of the November 2020 highs in the 94.25/30 band.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.44
Today Daily Change	26
Today Daily Change %	0.10
Today daily open	92.35

Trends
Daily SMA20	91.49
Daily SMA50	90.94
Daily SMA100	91.04
Daily SMA200	92.63

Levels
Previous Daily High	92.4
Previous Daily Low	91.76
Previous Weekly High	92.17
Previous Weekly Low	91.3
Previous Monthly High	91.6
Previous Monthly Low	89.68
Daily Fibonacci 38.2%	92.15
Daily Fibonacci 61.8%	92
Daily Pivot Point S1	91.94
Daily Pivot Point S2	91.53
Daily Pivot Point S3	91.3
Daily Pivot Point R1	92.58
Daily Pivot Point R2	92.81
Daily Pivot Point R3	93.22

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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