US Dollar Index Price Analysis: Looks consolidative in the short-term

DXY has once again faltered at the key barrier in the mid-100.00s.
A surpass of this area should put 101.00 back on the radar.

Pablo Piovano FXStreet

DXY is now navigating within a rangebound theme after another failed attempt to surpass the 100.50 area, where converge May tops and a Fibo retracement (of the 2017-2018 drop).

Further consolidation is not ruled out for the time being, although the inability to break above the 100.40/50 band could spark another correction lower.

Further out, the 200-day SMA – today at 98.41 - is expected to hold the downside in the short-term horizon.

DXY daily chart

Dollar Index Spot

Overview
Today last price	100.04
Today Daily Change	19
Today Daily Change %	0.04
Today daily open	100

Trends
Daily SMA20	99.88
Daily SMA50	99.49
Daily SMA100	98.73
Daily SMA200	98.42

Levels
Previous Daily High	100.44
Previous Daily Low	99.65
Previous Weekly High	100.4
Previous Weekly Low	99.24
Previous Monthly High	100.93
Previous Monthly Low	98.81
Daily Fibonacci 38.2%	99.96
Daily Fibonacci 61.8%	100.14
Daily Pivot Point S1	99.62
Daily Pivot Point S2	99.24
Daily Pivot Point S3	98.84
Daily Pivot Point R1	100.41
Daily Pivot Point R2	100.82
Daily Pivot Point R3	101.2

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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