US Dollar Index Price Analysis: The 2022 high is just around the corner

DXY surpasses the 105.00 hurdle with certain conviction.
The 2022 peak near 105.80 (June 15) comes next.

Pablo Piovano FXStreet

DXY advances for the third consecutive session and looks to consolidate the recent breakout of the 105.00 barrier on Thursday.

The index has rapidly left behind the weekly high near 105.00 (June 22) and in doing so it has opened the door to a relatively quick potential visit to the YTD highs around 105.80 (June 15).

As long as the 4-month line near 102.30 holds the downside, the near-term outlook for the index should remain constructive.

Looking at the longer run, the outlook for the dollar is seen bullish while above the 200-day SMA at 98.08.

DXY daily chart

Dollar Index Spot

Overview
Today last price	105.49
Today Daily Change	66
Today Daily Change %	0.36
Today daily open	105.11

Trends
Daily SMA20	103.9
Daily SMA50	103.27
Daily SMA100	100.78
Daily SMA200	98.03

Levels
Previous Daily High	105.15
Previous Daily Low	104.36
Previous Weekly High	104.95
Previous Weekly Low	103.86
Previous Monthly High	105.01
Previous Monthly Low	101.3
Daily Fibonacci 38.2%	104.85
Daily Fibonacci 61.8%	104.66
Daily Pivot Point S1	104.59
Daily Pivot Point S2	104.08
Daily Pivot Point S3	103.8
Daily Pivot Point R1	105.38
Daily Pivot Point R2	105.66
Daily Pivot Point R3	106.18

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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