USD Index Price Analysis: Extra gains need to surpass 105.15

DXY fades the earlier bull run to the boundaries of 105.00.
Immediately to the upside emerges the monthly high at 105.15.

Pablo Piovano FXStreet

DXY gives away initial gains and now recedes to the 104.60 region on Wednesday.

The continuation of the multi-week rally appears well and sound and a breakout of 105.00 should encourages the index to retest the September top of 105.15 (September 7) prior to the 2023 peak of 105.88 (March 8).

While above the key 200-day SMA, today at 103.02, the outlook for the index is expected to remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price	104.64
Today Daily Change	45
Today Daily Change %	0.07
Today daily open	104.57

Trends
Daily SMA20	104.02
Daily SMA50	102.65
Daily SMA100	102.75
Daily SMA200	103.03

Levels
Previous Daily High	104.92
Previous Daily Low	104.45
Previous Weekly High	105.16
Previous Weekly Low	104.02
Previous Monthly High	104.44
Previous Monthly Low	101.74
Daily Fibonacci 38.2%	104.74
Daily Fibonacci 61.8%	104.63
Daily Pivot Point S1	104.38
Daily Pivot Point S2	104.18
Daily Pivot Point S3	103.91
Daily Pivot Point R1	104.84
Daily Pivot Point R2	105.11
Daily Pivot Point R3	105.31

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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