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.

Pablo Piovano FXStreet

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

Overview
Today last price	96.14
Today Daily Change	41
Today Daily Change %	0.43
Today daily open	95.73

Trends
Daily SMA20	96.18
Daily SMA50	95.79
Daily SMA100	94.58
Daily SMA200	93.08

Levels
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

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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