US Dollar Index Price Analysis: Recovery targets 92.85

  • DXY reverses the recent weakness and retakes 92.35/40.
  • The next hurdle comes in at the July tops beyond 92.80.

DXY regains upside traction and reverses two consecutive daily pullbacks at the beginning of the week.

The corrective decline appears to have met solid contention around the 92.00 neighbourhood so far. The continuation of the rebound is expected to target the July peaks around 92.85 (July 7) ahead of the round level at 93.00 the figure.

Further north comes in the so far 2021 highs near 93.50 recorded in late March.

In the meantime, and looking at the broader scenario, the positive outlook for the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.39.

DXY daily chart

Dollar Index Spot

Today last price 92.35
Today Daily Change 31
Today Daily Change % 0.27
Today daily open 92.1
Daily SMA20 91.94
Daily SMA50 90.93
Daily SMA100 91.3
Daily SMA200 91.4
Previous Daily High 92.54
Previous Daily Low 92.09
Previous Weekly High 92.85
Previous Weekly Low 92
Previous Monthly High 92.45
Previous Monthly Low 89.66
Daily Fibonacci 38.2% 92.26
Daily Fibonacci 61.8% 92.37
Daily Pivot Point S1 91.95
Daily Pivot Point S2 91.79
Daily Pivot Point S3 91.5
Daily Pivot Point R1 92.4
Daily Pivot Point R2 92.7
Daily Pivot Point R3 92.85



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