• DXY clinches new highs just above the 108.00 mark.
  • There is now scope for a move to the 2022 high past 109.00.

DXY is up for the third session in a row and prints new multi-week tops just north of the 108.00 hurdle on Friday.

The continuation of the upside momentum is now expected to target the YTD high at 109.29 (July 14) ahead of the September 2002 high at 109.77. Up from here emerges the round level at 110.00.

In the meantime, the 6-month support line continues hold the upside around 104.90. Above this zone, the index is expected to keep the short-term positive stance.

Looking at the long-term scenario, the bullish view in the dollar remains in place while above the 200-day SMA at 100.35.

DXY daily chart

 

Dollar Index Spot

Overview
Today last price 107.95
Today Daily Change 61
Today Daily Change % 0.40
Today daily open 107.52
 
Trends
Daily SMA20 106.25
Daily SMA50 105.93
Daily SMA100 103.91
Daily SMA200 100.24
 
Levels
Previous Daily High 107.56
Previous Daily Low 106.5
Previous Weekly High 106.81
Previous Weekly Low 104.64
Previous Monthly High 109.29
Previous Monthly Low 104.69
Daily Fibonacci 38.2% 107.16
Daily Fibonacci 61.8% 106.91
Daily Pivot Point S1 106.83
Daily Pivot Point S2 106.13
Daily Pivot Point S3 105.77
Daily Pivot Point R1 107.89
Daily Pivot Point R2 108.26
Daily Pivot Point R3 108.95

 

 

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