US Dollar Index Price Analysis: Interim target emerges at 100.00

DXY manages to leave behind Tuesday’s pullback and refocuses on 100.00.
The outlook remains positive above the 200-day SMA above 98.00.

Pablo Piovano FXStreet

DXY met solid contention in the vicinity of the key 200-day SMA just above 98.00 the figure in recent sessions.

Bulls appear to have regained the upper hand on Wednesday and keep pushing higher, keeping the interim target at the triple-digit barrier ahead of the Fibo retracement (of the 2017-2018 drop) at 100.49.

So far, the positive outlook on the dollar remains unchanged as long as the 200-day SMA around 98.00 holds the downside.

DXY daily chart

Dollar Index Spot

Overview
Today last price	99.64
Today Daily Change	87
Today Daily Change %	0.69
Today daily open	98.96

Trends
Daily SMA20	98.93
Daily SMA50	98.66
Daily SMA100	98.1
Daily SMA200	98.03

Levels
Previous Daily High	99.95
Previous Daily Low	98.88
Previous Weekly High	102.82
Previous Weekly Low	98.25
Previous Monthly High	103
Previous Monthly Low	94.63
Daily Fibonacci 38.2%	99.29
Daily Fibonacci 61.8%	99.54
Daily Pivot Point S1	98.58
Daily Pivot Point S2	98.19
Daily Pivot Point S3	97.51
Daily Pivot Point R1	99.65
Daily Pivot Point R2	100.33
Daily Pivot Point R3	100.72

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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