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US Dollar Index Price Analysis: Looks consolidative near-term

  • DXY extends the side-lined trading above 90.00 on Friday.
  • Further upside targets the 2021 high near 90.70.

DXY remains in a consolidative-mode and manages well to keep the trade above the 90.00 mark for the time being.

If bulls regain control of the sentiment on a more serious stance, then the index could re-visit the so far YTD tops in the 90.70/75 band ahead of the weekly high in the 91.00 region (December 21). Above this level, the prevailing downside pressure is expected to mitigate somewhat.

In the longer run, as long as DXY trades below the 200-day SMA, today at 94.50, the negative view is forecast to prevail.

DXY daily chart

Dollar Index Spot

Overview
Today last price90.41
Today Daily Change24
Today Daily Change %0.19
Today daily open90.24
 
Trends
Daily SMA2090.07
Daily SMA5091.04
Daily SMA10092.2
Daily SMA20094.56
 
Levels
Previous Daily High90.58
Previous Daily Low90.07
Previous Weekly High90.25
Previous Weekly Low89.21
Previous Monthly High92.02
Previous Monthly Low89.52
Daily Fibonacci 38.2%90.27
Daily Fibonacci 61.8%90.39
Daily Pivot Point S190.01
Daily Pivot Point S289.79
Daily Pivot Point S389.51
Daily Pivot Point R190.52
Daily Pivot Point R290.8
Daily Pivot Point R391.03

Author

Pablo Piovano

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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