US Dollar Index Price Analysis: Next on the upside comes 96.50

  • DXY regains composure and advances above 96.00.
  • The next target of note is seen at the 96.50 region.

DXY manages to regain the smile and reclaim the 96.00 barrier and above at the beginning of the week.

In case the buying pressure regains conviction, then the next hurdle of relevance should come at the so far YTD high at 96.46 (January 4) ahead of December’s high at 96.90 (December 15).

In the meantime, while above the 4-month support line (off September’s low) around 95.00, further gains in DXY are likely. Looking at the broader picture, the longer-term positive stance remains unchanged above the 200-day SMA at 93.07.

DXY daily chart

Dollar Index Spot

Today last price 96.14
Today Daily Change 41
Today Daily Change % 0.43
Today daily open 95.73
Daily SMA20 96.18
Daily SMA50 95.79
Daily SMA100 94.58
Daily SMA200 93.08
Previous Daily High 96.26
Previous Daily Low 95.71
Previous Weekly High 96.46
Previous Weekly Low 95.71
Previous Monthly High 96.92
Previous Monthly Low 95.57
Daily Fibonacci 38.2% 95.92
Daily Fibonacci 61.8% 96.05
Daily Pivot Point S1 95.54
Daily Pivot Point S2 95.35
Daily Pivot Point S3 94.99
Daily Pivot Point R1 96.09
Daily Pivot Point R2 96.45
Daily Pivot Point R3 96.64



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