US Dollar Index Price Analysis: Rising bets for a move to 101.00

DXY is flirting with the key barrier in the 100.50 region on Wednesday.
Immediately to the upside emerges the April’s top near 101.00.

Pablo Piovano FXStreet

The upside momentum in DXY remains well and sound and is now extending the move up to the area beyond the key hurdle at 100.50.

If buyers keep pushing, then the dollar could change the monthly peaks in the 101.00 neighbourhood. From there, the only resistance of note emerges at the 2020 highs near 103.00 the figure recorded in mid-March.

Furthermore, the constructive bias is seen unchanged above the 200-day SMA, today at 98.27.

DXY daily chart

Dollar Index Spot

Overview
Today last price	100.43
Today Daily Change	78
Today Daily Change %	0.09
Today daily open	100.34

Trends
Daily SMA20	99.71
Daily SMA50	99.23
Daily SMA100	98.39
Daily SMA200	98.27

Levels
Previous Daily High	100.5
Previous Daily Low	99.89
Previous Weekly High	100.3
Previous Weekly Low	98.83
Previous Monthly High	103
Previous Monthly Low	94.63
Daily Fibonacci 38.2%	100.27
Daily Fibonacci 61.8%	100.13
Daily Pivot Point S1	99.99
Daily Pivot Point S2	99.64
Daily Pivot Point S3	99.38
Daily Pivot Point R1	100.59
Daily Pivot Point R2	100.85
Daily Pivot Point R3	101.2

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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