US Dollar Index Price Analysis: Recovery targets the YTD peaks

DXY reverses part of Friday’s sharp pullback.
The immediate target comes at the 2021 high near 97.00.

Pablo Piovano FXStreet

DXY manages to regain some composure after Friday’s selloff and advances to the vicinity of 96.40 on Monday.

Above current YTD peaks should come the round mark at 97.00. The surpass of the latter could prompt the index to attempt a move to the 97.80 level (high June 30).

In the meantime, while above the 2-month support line (off September’s low) just beyond 94.00, extra gains in DXY remain well on the table. In addition, the broader constructive stance remains underpinned by the 200-day SMA at 92.44.

DXY daily chart

Dollar Index Spot

Overview
Today last price	96.21
Today Daily Change	29
Today Daily Change %	0.23
Today daily open	95.99

Trends
Daily SMA20	95.25
Daily SMA50	94.4
Daily SMA100	93.54
Daily SMA200	92.42

Levels
Previous Daily High	96.78
Previous Daily Low	95.99
Previous Weekly High	96.94
Previous Weekly Low	95.99
Previous Monthly High	94.56
Previous Monthly Low	93.28
Daily Fibonacci 38.2%	96.29
Daily Fibonacci 61.8%	96.48
Daily Pivot Point S1	95.73
Daily Pivot Point S2	95.46
Daily Pivot Point S3	94.93
Daily Pivot Point R1	96.52
Daily Pivot Point R2	97.05
Daily Pivot Point R3	97.31

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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