US Dollar Index Price Analysis: Rising bets for a move to 2021 highs


  • DXY advances further to new highs around 93.20.
  • Next on the upside comes in the YTD highs in the mid-93.00s.

The upside momentum in the dollar remains well and sound and lifts DXY to fresh multi-month peaks around 93.20.

In light of the recent price action, further gains remain well on the cards with the immediate target now emerging at the 2021 peaks in the 93.50 zone (March 31).

In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.36.

The index, however, is navigating the boundaries of the overbought territory, which could spark some correction in the not-so-distant future.

DXY daily chart

Dollar Index Spot

Overview
Today last price 93.05
Today Daily Change 0.08
Today Daily Change % 0.09
Today daily open 92.97
 
Trends
Daily SMA20 92.35
Daily SMA50 91.2
Daily SMA100 91.45
Daily SMA200 91.37
 
Levels
Previous Daily High 93.17
Previous Daily Low 92.8
Previous Weekly High 92.83
Previous Weekly Low 92.08
Previous Monthly High 92.45
Previous Monthly Low 89.66
Daily Fibonacci 38.2% 93.03
Daily Fibonacci 61.8% 92.94
Daily Pivot Point S1 92.79
Daily Pivot Point S2 92.61
Daily Pivot Point S3 92.42
Daily Pivot Point R1 93.16
Daily Pivot Point R2 93.35
Daily Pivot Point R3 93.53

 

 

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