USD Index Price Analysis: Next on the upside emerges the 200-day SMA

DXY extends further the corrective pullback and retests 103.00.
The resumption of the uptrend could revisit the 200-day SMA.

Pablo Piovano FXStreet

DXY appears to have met a decent resistance area around 103.60, or multi-week peaks, so far this month.

In case bulls regain the upper hand, a convincing move past 103.60/65 could pave the way for a potential challenge of the key 200-day SMA, today at 105.76 just ahead of the 2023 high 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.

DXYdaily chart

Dollar Index Spot

Overview
Today last price	103.09
Today Daily Change	33
Today Daily Change %	-0.10
Today daily open	103.19

Trends
Daily SMA20	101.99
Daily SMA50	102.31
Daily SMA100	102.89
Daily SMA200	105.72

Levels
Previous Daily High	103.62
Previous Daily Low	102.99
Previous Weekly High	103.63
Previous Weekly Low	102.2
Previous Monthly High	103.06
Previous Monthly Low	100.79
Daily Fibonacci 38.2%	103.23
Daily Fibonacci 61.8%	103.38
Daily Pivot Point S1	102.92
Daily Pivot Point S2	102.64
Daily Pivot Point S3	102.29
Daily Pivot Point R1	103.54
Daily Pivot Point R2	103.9
Daily Pivot Point R3	104.17

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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