US Dollar Index Price Analysis: Increasing bets for a retest of 101.00

DXY is extending the upbeat momentum above the 100.00 mark.
Interim hurdle emerges at the Fibo retracement at 100.49.

Pablo Piovano FXStreet

DXY has managed to reclaim the critical triple-digit barrier on Wednesday, consolidating the weekly recovery from Monday’s lows near 98.50.

If the recovery picks up further pace, then the focus of attention will shift to the Fibo retracement (of the 2017-2018 drop) at 100.49, ahead of the April’s top just below 101.00 the figure.

Further out, the 200-day SMA in the 98.30/35 band is expected to hold the downside in the short-term horizon.

Dollar Index Spot

Overview
Today last price	100.1
Today Daily Change	41
Today Daily Change %	0.27
Today daily open	99.83

Trends
Daily SMA20	99.75
Daily SMA50	99.3
Daily SMA100	98.6
Daily SMA200	98.37

Levels
Previous Daily High	99.98
Previous Daily Low	99.29
Previous Weekly High	100.32
Previous Weekly Low	98.77
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	99.71
Daily Fibonacci 61.8%	99.55
Daily Pivot Point S1	99.42
Daily Pivot Point S2	99.01
Daily Pivot Point S3	98.73
Daily Pivot Point R1	100.11
Daily Pivot Point R2	100.39
Daily Pivot Point R3	100.8

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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