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.

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

Today last price 96.21
Today Daily Change 29
Today Daily Change % 0.23
Today daily open 95.99
Daily SMA20 95.25
Daily SMA50 94.4
Daily SMA100 93.54
Daily SMA200 92.42
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



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