USD Index Price Analysis: Next on the upside comes 105.00

DXY accelerates gains to multi-week highs past 104.80.
Further gains could see the 105.00 barrier revisited.

Pablo Piovano FXStreet

DXY rapidly leaves behind Monday’s small downtick and resumes the uptrend to the area of 104.80, levels last seen in late March.

If bulls push harder, the index should shift its focus to the round level at 105.00 prior to the 2023 high at 105.88 (March 8).

While above the key 200-day SMA, today at 103.03, the outlook for the index is expected to remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price	104.71
Today Daily Change	74
Today Daily Change %	0.58
Today daily open	104.11

Trends
Daily SMA20	103.42
Daily SMA50	102.43
Daily SMA100	102.56
Daily SMA200	103.04

Levels
Previous Daily High	104.28
Previous Daily Low	104.02
Previous Weekly High	104.36
Previous Weekly Low	102.93
Previous Monthly High	104.44
Previous Monthly Low	101.74
Daily Fibonacci 38.2%	104.12
Daily Fibonacci 61.8%	104.18
Daily Pivot Point S1	104
Daily Pivot Point S2	103.88
Daily Pivot Point S3	103.74
Daily Pivot Point R1	104.25
Daily Pivot Point R2	104.39
Daily Pivot Point R3	104.51

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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