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US Dollar Index Price Analysis: Still scope for a move to 100.00

  • DXY is recovering some ground lost on Friday’s retracement to 99.30.
  • While above the 200-day SMA there is still room for a test of 100.00.

DXY has started the week on a positive note and is now managing well to rebound from Friday’s lows near 99.30 on the re-emergence of the risk-off sentiment.

Friday’s pullback forced the index to recede from overbought levels, although the underlying bullish view remains unaltered for the time being.

Against this backdrop, the dollar is expected to resume the upside with initial target at the psychological triple-digit barrier.

DXY daily chart

Dollar Index Spot

Overview
Today last price99.32
Today Daily Change30
Today Daily Change %0.00
Today daily open99.32
 
Trends
Daily SMA2098.63
Daily SMA5097.83
Daily SMA10097.88
Daily SMA20097.83
 
Levels
Previous Daily High99.89
Previous Daily Low99.23
Previous Weekly High99.91
Previous Weekly Low99.04
Previous Monthly High98.19
Previous Monthly Low96.42
Daily Fibonacci 38.2%99.48
Daily Fibonacci 61.8%99.64
Daily Pivot Point S199.07
Daily Pivot Point S298.82
Daily Pivot Point S398.41
Daily Pivot Point R199.73
Daily Pivot Point R2100.14
Daily Pivot Point R3100.39

Author

Pablo Piovano

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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