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 price 99.32
Today Daily Change 30
Today Daily Change % 0.00
Today daily open 99.32
 
Trends
Daily SMA20 98.63
Daily SMA50 97.83
Daily SMA100 97.88
Daily SMA200 97.83
 
Levels
Previous Daily High 99.89
Previous Daily Low 99.23
Previous Weekly High 99.91
Previous Weekly Low 99.04
Previous Monthly High 98.19
Previous Monthly Low 96.42
Daily Fibonacci 38.2% 99.48
Daily Fibonacci 61.8% 99.64
Daily Pivot Point S1 99.07
Daily Pivot Point S2 98.82
Daily Pivot Point S3 98.41
Daily Pivot Point R1 99.73
Daily Pivot Point R2 100.14
Daily Pivot Point R3 100.39

 

 

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