USD Index Price Analysis: Further recovery targets 114.00

DXY reverses the recent weakness and regains the 113.00 mark.
Above the 114.00 region comes the 2022 high near 114.80.

Pablo Piovano FXStreet

DXY advances markedly and reclaims the area beyond the 113.00 mark at the end of the week.

In case bulls regain the initiative and the index surpasses 114.00, then the next target of note should appear at the 2002 high at 114.78 (September 28) prior to the round level at 115.00.

The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 8-month support line near 107.90.

In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 103.27.

DXY daily chart

Dollar Index Spot

Overview
Today last price	112.95
Today Daily Change	98
Today Daily Change %	0.44
Today daily open	112.46

Trends
Daily SMA20	112.19
Daily SMA50	109.89
Daily SMA100	107.59
Daily SMA200	103.28

Levels
Previous Daily High	113.91
Previous Daily Low	112.14
Previous Weekly High	112.88
Previous Weekly Low	110.05
Previous Monthly High	114.78
Previous Monthly Low	107.67
Daily Fibonacci 38.2%	112.82
Daily Fibonacci 61.8%	113.23
Daily Pivot Point S1	111.77
Daily Pivot Point S2	111.07
Daily Pivot Point S3	110
Daily Pivot Point R1	113.53
Daily Pivot Point R2	114.6
Daily Pivot Point R3	115.3

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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