US Dollar Index Price Analysis: Further upside remains on the table

  • DXY corrects lower following recent multi-month tops.
  • Next on the upside comes in the YTD highs in the mid-93.00s.

The index came under pressure following tops past the 93.00 mark earlier in the week.

In light of the recent price action, further gains remain well on the cards with the immediate target now emerging at the 2021 peaks in the 93.50 zone (March 31).

In the meantime, and looking at the broader scenario, the positive stance on DXY is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.36.

DXY daily chart

Dollar Index Spot

Today last price 92.76
Today Daily Change 16
Today Daily Change % -0.03
Today daily open 92.79
Daily SMA20 92.4
Daily SMA50 91.24
Daily SMA100 91.47
Daily SMA200 91.36
Previous Daily High 93.19
Previous Daily Low 92.73
Previous Weekly High 92.83
Previous Weekly Low 92.08
Previous Monthly High 92.45
Previous Monthly Low 89.66
Daily Fibonacci 38.2% 92.9
Daily Fibonacci 61.8% 93.01
Daily Pivot Point S1 92.61
Daily Pivot Point S2 92.44
Daily Pivot Point S3 92.14
Daily Pivot Point R1 93.08
Daily Pivot Point R2 93.37
Daily Pivot Point R3 93.54



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