US Dollar Index Price Analysis: Further upside faces the 2021 highs


  • DXY adds to Friday’s advance and retests the 93.50 area.
  • A move to 2021 high at 93.72 stays in the pipeline.

DXY continues to regain ground lost during last week and retests the 93.50 area on Monday’s session.

Immediate hurdle now emerges at recent peaks just past 93.50. A move above this level should favour another visit to the 2021 tops above 93.70 (August 20). Further north from here should come the round level at 94.00 ahead of November 2020 high at 94.30.

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 91.50.

DXY daily chart

Dollar Index Spot

Overview
Today last price 93.35
Today Daily Change 29
Today Daily Change % 0.08
Today daily open 93.28
 
Trends
Daily SMA20 92.75
Daily SMA50 92.74
Daily SMA100 91.92
Daily SMA200 91.49
 
Levels
Previous Daily High 93.42
Previous Daily Low 93.05
Previous Weekly High 93.53
Previous Weekly Low 92.98
Previous Monthly High 93.73
Previous Monthly Low 91.82
Daily Fibonacci 38.2% 93.28
Daily Fibonacci 61.8% 93.19
Daily Pivot Point S1 93.08
Daily Pivot Point S2 92.88
Daily Pivot Point S3 92.71
Daily Pivot Point R1 93.45
Daily Pivot Point R2 93.62
Daily Pivot Point R3 93.82

 

 

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