USD Index Price Analysis: Extra upside should not be ruled out


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  • DXY meets some resistance around the 104.30 region so far.
  • Extra upside should face the key 200-day SMA near 105.70.

DXY retreats for the first session after four consecutive daily gains, putting the 104.00 region to the test at the end of the week.                                                                                             

Further upside appears on the cards in the near term. That said, the next resistance level of note is expected at the key 200-day SMA, today at 105.69 ahead of the 2023 top of 105.88 (March 8).

Looking at the broader picture, while below the 200-day SMA the outlook for the index is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price 103.96
Today Daily Change 33
Today Daily Change % -0.26
Today daily open 104.23
 
Trends
Daily SMA20 102.43
Daily SMA50 102.28
Daily SMA100 102.86
Daily SMA200 105.6
 
Levels
Previous Daily High 104.31
Previous Daily Low 103.82
Previous Weekly High 103.63
Previous Weekly Low 102.2
Previous Monthly High 103.06
Previous Monthly Low 100.79
Daily Fibonacci 38.2% 104.12
Daily Fibonacci 61.8% 104.01
Daily Pivot Point S1 103.93
Daily Pivot Point S2 103.63
Daily Pivot Point S3 103.44
Daily Pivot Point R1 104.42
Daily Pivot Point R2 104.61
Daily Pivot Point R3 104.91

 

 

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