US Dollar Index Price Analysis: Rally faces interim hurdle around 94.80

  • DXY looks to consolidate above the 94.00 yardstick on Thursday.
  • Next on the upside emerges the resistance line near 94.80.

The positive note in the dollar stays unabated on Thursday and pushes DXY to fresh 2-month peaks above 94.50 on Thursday.

The continuation of this trend is expected to target the 6-month resistance line in the 94.80 region ahead of other minor hurdles at the 100-day SMA (95.59) and a Fibo level at 96.03.

The bearish view on DXY is seen unchanged while below the 200-day SMA, today at 97.12.

DXY daily chart

Dollar Index Spot

Today last price 94.47
Today Daily Change 30
Today Daily Change % 0.11
Today daily open 94.37
Daily SMA20 93.08
Daily SMA50 93.45
Daily SMA100 95.65
Daily SMA200 97.14
Previous Daily High 94.43
Previous Daily Low 93.93
Previous Weekly High 93.61
Previous Weekly Low 92.77
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 94.24
Daily Fibonacci 61.8% 94.12
Daily Pivot Point S1 94.06
Daily Pivot Point S2 93.75
Daily Pivot Point S3 93.56
Daily Pivot Point R1 94.55
Daily Pivot Point R2 94.74
Daily Pivot Point R3 95.05



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