• DXY regains ground lost following Monday’s pullback.
  • Extra gains are seen above the 92.50 level.

Monday’s strong retracement dragged DXY back below 92.00, although buyers returned to the market on Tuesday.

In fact, the improved sentiment in the dollar seems far from abated so far and could now push the index to the next minor target at a Fibo level near 92.50. Further north, there are no relevant hurdles until the 2021 highs in the mid-93.00s recorded on March 31.

In the meantime, and looking at the broader scenario, a sustainable breakout of the 200-day SMA, today at 91.50, should shift the outlook for the buck to positive.

DXY daily chart

Dollar Index Spot

Overview
Today last price 92.06
Today Daily Change 26
Today Daily Change % 0.23
Today daily open 91.85
 
Trends
Daily SMA20 90.47
Daily SMA50 90.65
Daily SMA100 91.1
Daily SMA200 91.51
 
Levels
Previous Daily High 92.38
Previous Daily Low 91.83
Previous Weekly High 92.4
Previous Weekly Low 90.35
Previous Monthly High 91.44
Previous Monthly Low 89.54
Daily Fibonacci 38.2% 92.04
Daily Fibonacci 61.8% 92.17
Daily Pivot Point S1 91.66
Daily Pivot Point S2 91.47
Daily Pivot Point S3 91.11
Daily Pivot Point R1 92.21
Daily Pivot Point R2 92.56
Daily Pivot Point R3 92.75

 

 

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