US Dollar Index Price Analysis: Room for further upside

DXY adds to the weekly recovery and re-visits 92.80.
Immediately to the upside comes in the 93.20 area.

Pablo Piovano FXStreet

DXY extends the positive momentum and advances to the 92.80 zone on Tuesday.

The continuation of the recovery could extend beyond the 93.00 mark in the short-term horizon, although a tough barrier is forecast to emerge around July/August peaks in the 93.15/20 band.

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 91.30.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.76
Today Daily Change	16
Today Daily Change %	0.15
Today daily open	92.62

Trends
Daily SMA20	92.57
Daily SMA50	92.13
Daily SMA100	91.56
Daily SMA200	91.3

Levels
Previous Daily High	92.66
Previous Daily Low	92.48
Previous Weekly High	93.19
Previous Weekly Low	92.47
Previous Monthly High	93.19
Previous Monthly Low	91.78
Daily Fibonacci 38.2%	92.59
Daily Fibonacci 61.8%	92.55
Daily Pivot Point S1	92.51
Daily Pivot Point S2	92.41
Daily Pivot Point S3	92.33
Daily Pivot Point R1	92.69
Daily Pivot Point R2	92.77
Daily Pivot Point R3	92.88

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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