US Dollar Index Technical Analysis: Upside remains firm. Door open for a visit to 97.00

DXY is extending the strong rebound from yearly lows in the 95.00 neighbourhood, managing to retake 96.00 the figure and pierce the base of the daily cloud.
The continuation of the bull run appears likely in the near term, with the immediate target now at the 97.00 handle, or YTD peaks.
The interim hurdle aligns at the 55-day SMA, today at 96.60, ahead of the 23.6% Fibo retracement of the September-December up move.

Pablo Piovano FXStreet

DXY daily chart

Dollar Index Spot

Overview:
    Today Last Price: 96.33
    Today Daily change: -0.04 pips
    Today Daily change %: -0.04%
    Today Daily Open: 96.37
Trends:
    Daily SMA20: 96.18
    Daily SMA50: 96.65
    Daily SMA100: 96.07
    Daily SMA200: 95.02
Levels:
    Previous Daily High: 96.4
    Previous Daily Low: 96.01
    Previous Weekly High: 96.4
    Previous Weekly Low: 95.47
    Previous Monthly High: 97.71
    Previous Monthly Low: 96.06
    Daily Fibonacci 38.2%: 96.25
    Daily Fibonacci 61.8%: 96.16
    Daily Pivot Point S1: 96.12
    Daily Pivot Point S2: 95.87
    Daily Pivot Point S3: 95.73
    Daily Pivot Point R1: 96.51
    Daily Pivot Point R2: 96.65
    Daily Pivot Point R3: 96.9

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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