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USD Index Price Analysis: Next on the upside comes the 102.60 area

  • DXY maintains the bullish development above 101.00.
  • Next up-barrier of note emerge around the 102.60 zone.

DXY advances for the fifth consecutive session so far and looks to consolidate the recent breakout of the key 101.00 hurdle.

A more serious bullish attempt in the index should clear the 102.60 zone, where the provisional 55-day and 100-day SMAs coincide. North from here aligns the July high in the mid-103.00s seconded by the key 200-day SMA at 104.00.

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 price101.27
Today Daily Change53
Today Daily Change %0.18
Today daily open101.09
 
Trends
Daily SMA20101.77
Daily SMA50102.7
Daily SMA100102.61
Daily SMA200103.78
 
Levels
Previous Daily High101.19
Previous Daily Low100.72
Previous Weekly High101.19
Previous Weekly Low99.57
Previous Monthly High104.5
Previous Monthly Low101.92
Daily Fibonacci 38.2%101.01
Daily Fibonacci 61.8%100.9
Daily Pivot Point S1100.81
Daily Pivot Point S2100.54
Daily Pivot Point S3100.35
Daily Pivot Point R1101.28
Daily Pivot Point R2101.47
Daily Pivot Point R3101.74

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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