US Dollar Index Price Analysis: Next on the upside comes in 93.50

DXY pushes higher and clinches tops near 92.70.
The 2021 highs near 93.50 comes up next.

Pablo Piovano FXStreet

The rally in the dollar stays anything but abated for yet another session and pushes DXY to new 3-month peaks around 92.70, as market participants wait for the release of US Nonfarm Payrolls.

If the buying impulse gathers extra steam, then there is a minor hurdle at the 93.00 yardstick ahead of the more relevant 2021 highs near 93.50 (March 31).

In the meantime, and looking at the broader scenario, the outlook for the dollar is seen constructive while above the 200-day SMA (91.43).

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.62
Today Daily Change	15
Today Daily Change %	0.06
Today daily open	92.56

Trends
Daily SMA20	91.28
Daily SMA50	90.75
Daily SMA100	91.19
Daily SMA200	91.45

Levels
Previous Daily High	92.6
Previous Daily Low	92.26
Previous Weekly High	92.38
Previous Weekly Low	91.51
Previous Monthly High	92.45
Previous Monthly Low	89.66
Daily Fibonacci 38.2%	92.47
Daily Fibonacci 61.8%	92.39
Daily Pivot Point S1	92.35
Daily Pivot Point S2	92.14
Daily Pivot Point S3	92.01
Daily Pivot Point R1	92.69
Daily Pivot Point R2	92.81
Daily Pivot Point R3	93.03

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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