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.

Pablo Piovano FXStreet

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

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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