USD Index Price Analysis: The 200-day SMA holds the downside so far

The index struggles to continue the rebound around 106.70.
The dollar keeps the positive outlook above the 200-day SMA.

Pablo Piovano FXStreet

DXY reverses the initial downside and looks to extend the move further north of the 106.00 mark on Tuesday.

In case the recovery becomes more serious, then the US Dollar could attempt to retest the weekly high at 107.99 (November 21) ahead of the temporary 100-day Simple Moving Average (SMA), today at 109.12.

While above the 200-day SMA, the outlook for the index should remain positive.

DXY daily chart

Dollar Index Spot

Overview
Today last price	106.78
Today Daily Change	75
Today Daily Change %	0.10
Today daily open	106.67

Trends
Daily SMA20	106.84
Daily SMA50	109.78
Daily SMA100	109.24
Daily SMA200	105.89

Levels
Previous Daily High	106.74
Previous Daily Low	105.32
Previous Weekly High	108
Previous Weekly Low	105.63
Previous Monthly High	113.95
Previous Monthly Low	109.54
Daily Fibonacci 38.2%	106.2
Daily Fibonacci 61.8%	105.86
Daily Pivot Point S1	105.75
Daily Pivot Point S2	104.82
Daily Pivot Point S3	104.32
Daily Pivot Point R1	107.17
Daily Pivot Point R2	107.67
Daily Pivot Point R3	108.6

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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