USD Index Price Analysis: Further up aligns the 200-day SMA

DXY advances to new monthly peaks past the 104.00 yardstick.
The continuation of the upside could revisit the 200-day SMA.

Pablo Piovano FXStreet

DXY clinches fresh tops in levels last seen in mid-March past the 104.00 hurdle on Thursday.

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 105.71, prior to the 2023 peak 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	104.07
Today Daily Change	33
Today Daily Change %	0.15
Today daily open	103.91

Trends
Daily SMA20	102.29
Daily SMA50	102.28
Daily SMA100	102.87
Daily SMA200	105.63

Levels
Previous Daily High	103.92
Previous Daily Low	103.36
Previous Weekly High	103.63
Previous Weekly Low	102.2
Previous Monthly High	103.06
Previous Monthly Low	100.79
Daily Fibonacci 38.2%	103.7
Daily Fibonacci 61.8%	103.57
Daily Pivot Point S1	103.54
Daily Pivot Point S2	103.17
Daily Pivot Point S3	102.98
Daily Pivot Point R1	104.1
Daily Pivot Point R2	104.29
Daily Pivot Point R3	104.66

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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