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USD Index Price Analysis: Next on the upside comes 107.20

  • DXY climbs to new 2023 peaks north of 106.00 on Tuesday.
  • Further upside looks favoured while above the 200-day SMA.

The upside momentum in DXY remains well and sound and lifts the index to new yearly peaks near 106.20 on Tuesday.

In light of the ongoing price action, extra gains appear likely for the time being. Further up now comes the weekly high at 107.19 (November 30, 2022) prior to another weekly peak at 107.99 (November 21 2022).

While above the key 200-day SMA, today at 103.06, the outlook for the index is expected to remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price105.96
Today Daily Change34
Today Daily Change %0.01
Today daily open105.95
 
Trends
Daily SMA20104.77
Daily SMA50103.36
Daily SMA100103.09
Daily SMA200103.06
 
Levels
Previous Daily High106.09
Previous Daily Low105.52
Previous Weekly High105.78
Previous Weekly Low104.66
Previous Monthly High104.44
Previous Monthly Low101.74
Daily Fibonacci 38.2%105.87
Daily Fibonacci 61.8%105.74
Daily Pivot Point S1105.61
Daily Pivot Point S2105.28
Daily Pivot Point S3105.04
Daily Pivot Point R1106.19
Daily Pivot Point R2106.43
Daily Pivot Point R3106.77

Author

Pablo Piovano

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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