US Dollar Index Price Analysis: Increasing bets for a test of 2021 highs

DXY looks to consolidate the recent breakout of 93.00.
The YTD highs in the 93.50 region emerge as the next target.

Pablo Piovano FXStreet

DXY alternates gains with losses and already flirts with July/August peaks near the 93.20 level.

The continuation of the recovery is now expected to focus on the 2021 highs near 93.50 recorded in late March.

In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.30.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.13
Today Daily Change	15
Today Daily Change %	-0.01
Today daily open	93.14

Trends
Daily SMA20	92.58
Daily SMA50	92.19
Daily SMA100	91.56
Daily SMA200	91.3

Levels
Previous Daily High	93.17
Previous Daily Low	92.6
Previous Weekly High	93.19
Previous Weekly Low	92.47
Previous Monthly High	93.19
Previous Monthly Low	91.78
Daily Fibonacci 38.2%	92.95
Daily Fibonacci 61.8%	92.82
Daily Pivot Point S1	92.77
Daily Pivot Point S2	92.4
Daily Pivot Point S3	92.21
Daily Pivot Point R1	93.34
Daily Pivot Point R2	93.54
Daily Pivot Point R3	93.91

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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