US Dollar Index Price Analysis: Next on the upside comes the YTD high

  • DXY reverses the recent weakness and breaks above 94.00.
  • Further north comes the 2021 peaks beyond 94.60.

DXY manages to regain some buying pressure and advances past the 94.00 yardstick on Wednesday.

If the upside impulse gathers extra steam, then there are no hurdles of note until the 2021 high at 94.62 recorded on November 5. A move above this level is expected to target the September 2020 high at 94.74 ahead of the round level at 95.00.

Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 92.09.

DXY daily chart

Dollar Index Spot

Today last price 94.3
Today Daily Change 37
Today Daily Change % 0.35
Today daily open 93.97
Daily SMA20 93.91
Daily SMA50 93.54
Daily SMA100 93.06
Daily SMA200 92.08
Previous Daily High 94.16
Previous Daily Low 93.88
Previous Weekly High 94.62
Previous Weekly Low 93.82
Previous Monthly High 94.56
Previous Monthly Low 93.28
Daily Fibonacci 38.2% 93.98
Daily Fibonacci 61.8% 94.05
Daily Pivot Point S1 93.85
Daily Pivot Point S2 93.72
Daily Pivot Point S3 93.57
Daily Pivot Point R1 94.13
Daily Pivot Point R2 94.28
Daily Pivot Point R3 94.41



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