US Dollar Index Price Analysis: Looks bid and targets 92.00

DXY breaks above the consolidation theme and regains 91.00.
There is an interim hurdle at the 92.00 neighbourhood.

Pablo Piovano FXStreet

DXY clinches new multi-week highs well past 91.00 the figure on Thursday.

Following the FOMC event, the dollar manages to regain extra steam and advances to new highs around 91.80. The continuation of the current momentum around the greenback looks likely, with the immediate target at the 92.00 yardstick

Further bullish attempts could re-visit the Fibo level at 92.46 ahead of the March 9 high at 92.50.

In the meantime, and looking at the broader scenario, a sustainable breakout of the 200-day SMA, today at 91.51, should shift the outlook for the buck to positive.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.82
Today Daily Change	54
Today Daily Change %	0.46
Today daily open	91.4

Trends
Daily SMA20	90.15
Daily SMA50	90.66
Daily SMA100	91.06
Daily SMA200	91.52

Levels
Previous Daily High	91.4
Previous Daily Low	90.44
Previous Weekly High	90.61
Previous Weekly Low	89.84
Previous Monthly High	91.44
Previous Monthly Low	89.54
Daily Fibonacci 38.2%	91.03
Daily Fibonacci 61.8%	90.81
Daily Pivot Point S1	90.76
Daily Pivot Point S2	90.12
Daily Pivot Point S3	89.8
Daily Pivot Point R1	91.72
Daily Pivot Point R2	92.04
Daily Pivot Point R3	92.68

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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