US Dollar Index Price Analysis: Increasing bets for another test of the 2022 high

DXY leaves behind Thursday’s pullback and regains 105.00.
Further up aligns the 2022 top near 105.80 (June 15).

Pablo Piovano FXStreet

DXY resumes the upside and reclaims the area beyond 105.00 the figure at the end of the week, managing well to keep the trade in the 2-week highs zone.

Further upside in the dollar is forecast to motivate the index to attempt another visit to the so far yearly highs near 105.80 recorded in the wake of the FOMC event in June. If cleared, then a test of the December 2002 at 107.31 could start emerging on the horizon.

As long as the 4-month line near 102.40 holds the downside, the near-term outlook for the index should remain constructive.

Looking at the longer run, the outlook for the dollar is seen bullish while above the 200-day SMA at 98.13.

DXY daily chart

Dollar Index Spot

Overview
Today last price	105.41
Today Daily Change	67
Today Daily Change %	0.69
Today daily open	104.69

Trends
Daily SMA20	104.04
Daily SMA50	103.36
Daily SMA100	100.87
Daily SMA200	98.09

Levels
Previous Daily High	105.54
Previous Daily Low	104.65
Previous Weekly High	104.95
Previous Weekly Low	103.86
Previous Monthly High	105.79
Previous Monthly Low	101.64
Daily Fibonacci 38.2%	104.99
Daily Fibonacci 61.8%	105.2
Daily Pivot Point S1	104.38
Daily Pivot Point S2	104.07
Daily Pivot Point S3	103.49
Daily Pivot Point R1	105.27
Daily Pivot Point R2	105.85
Daily Pivot Point R3	106.16

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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