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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.

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 price100.1
Today Daily Change41
Today Daily Change %0.27
Today daily open99.83
 
Trends
Daily SMA2099.75
Daily SMA5099.3
Daily SMA10098.6
Daily SMA20098.37
 
Levels
Previous Daily High99.98
Previous Daily Low99.29
Previous Weekly High100.32
Previous Weekly Low98.77
Previous Monthly High100.93
Previous Monthly Low98.81
Daily Fibonacci 38.2%99.71
Daily Fibonacci 61.8%99.55
Daily Pivot Point S199.42
Daily Pivot Point S299.01
Daily Pivot Point S398.73
Daily Pivot Point R1100.11
Daily Pivot Point R2100.39
Daily Pivot Point R3100.8

Author

Pablo Piovano

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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