US Dollar Index Price Analysis: Now looks to retest 94.50

DXY rebounds from the 93.70 area and retakes 94.00.
Further north comes another visit to the 2021 highs.

Pablo Piovano FXStreet

DXY reverses the recent 3-session negative streak and reclaims the 94.00 neighbourhood on turnaround Tuesday.

If the buying pressure gathers extra impulse, then the index could well see the recent YTD highs around 94.50 retested in the short-term horizon.

Looking at the broader picture, the constructive stance on the index is seen unchanged above the 200-day SMA at 91.61.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.98
Today Daily Change	24
Today Daily Change %	0.18
Today daily open	93.81

Trends
Daily SMA20	93.21
Daily SMA50	92.88
Daily SMA100	92.13
Daily SMA200	91.6

Levels
Previous Daily High	94.1
Previous Daily Low	93.68
Previous Weekly High	94.51
Previous Weekly Low	93.21
Previous Monthly High	94.51
Previous Monthly Low	91.95
Daily Fibonacci 38.2%	93.84
Daily Fibonacci 61.8%	93.94
Daily Pivot Point S1	93.63
Daily Pivot Point S2	93.44
Daily Pivot Point S3	93.2
Daily Pivot Point R1	94.05
Daily Pivot Point R2	94.29
Daily Pivot Point R3	94.48

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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