USD Index Price Analysis: Next on the upside comes 108.00

DXY advances further and prints new highs above 107.00.
Further up emerges the weekly high at 107.99.

Pablo Piovano FXStreet

DXY picks up extra pace and surpasses the 107.00 barrier for the first time since November 2022.

The continuation of the rally could prompt the index to now challenge the weekly peak at 107.99 (November 21 2022), closely followed by the round level of 108.00.

In the meantime, while above the key 200-day SMA, today at 103.12, the outlook for the index is expected to remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price	107.04
Today Daily Change	28
Today Daily Change %	0.00
Today daily open	107.04

Trends
Daily SMA20	105.45
Daily SMA50	103.93
Daily SMA100	103.31
Daily SMA200	103.12

Levels
Previous Daily High	107.04
Previous Daily Low	106.04
Previous Weekly High	106.84
Previous Weekly Low	105.52
Previous Monthly High	106.84
Previous Monthly Low	103.27
Daily Fibonacci 38.2%	106.66
Daily Fibonacci 61.8%	106.42
Daily Pivot Point S1	106.37
Daily Pivot Point S2	105.71
Daily Pivot Point S3	105.38
Daily Pivot Point R1	107.37
Daily Pivot Point R2	107.7
Daily Pivot Point R3	108.36

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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