US Dollar Index Price Analysis: Next on the upside comes 94.74

DXY clinched new 2021 highs around 94.50 on Thursday.
Further north comes the 94.74 level (September 2020 high).

Pablo Piovano FXStreet

The rally in DXY stays everything but abated and now extends gains to 94.50, the highest level since September 2020.

If the buying impulse maintains the pace, then the next target of note is seen emerging at the September 2020 high at 94.74 ahead of the round level at 95.00 the figure.

Extra gains remain likely while above August’s peak at 93.72. although a corrective move should not be ruled out, as per the current overbought condition of the index.

DXY daily chart

Dollar Index Spot

Overview
Today last price	94.37
Today Daily Change	27
Today Daily Change %	0.00
Today daily open	94.37

Trends
Daily SMA20	92.93
Daily SMA50	92.8
Daily SMA100	92.02
Daily SMA200	91.54

Levels
Previous Daily High	94.43
Previous Daily Low	93.67
Previous Weekly High	93.53
Previous Weekly Low	92.98
Previous Monthly High	93.73
Previous Monthly Low	91.82
Daily Fibonacci 38.2%	94.14
Daily Fibonacci 61.8%	93.96
Daily Pivot Point S1	93.88
Daily Pivot Point S2	93.4
Daily Pivot Point S3	93.12
Daily Pivot Point R1	94.64
Daily Pivot Point R2	94.92
Daily Pivot Point R3	95.4

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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