USD Index Price Analysis: The hunt for 105.00 and above


  • DXY regains unusually strong upside traction and targets 105.00.
  • The 100-day SMA at 104.95 emerges as the initial hurdle.

DXY gathers intense buying interest and climbs to 3-day highs near the 105.00 region on Tuesday, an area also underpinned by the temporary 100-day SMA.

The continuation of the strong rebound is expected to challenge the so far 2023 high at 105.88 (March 8) prior to the key 200-day SMA, today at 106.64.

Looking at the broader picture, while below the 200-day SMA, the outlook for the greenback is expected to remain negative.

DXY daily chart

Dollar Index Spot

Overview
Today last price 104.82
Today Daily Change 151
Today Daily Change % 1.11
Today daily open 103.67
 
Trends
Daily SMA20 104.53
Daily SMA50 103.45
Daily SMA100 104.49
Daily SMA200 106.84
 
Levels
Previous Daily High 104.06
Previous Daily Low 103.5
Previous Weekly High 105.89
Previous Weekly Low 104.05
Previous Monthly High 105.36
Previous Monthly Low 100.81
Daily Fibonacci 38.2% 103.85
Daily Fibonacci 61.8% 103.71
Daily Pivot Point S1 103.43
Daily Pivot Point S2 103.18
Daily Pivot Point S3 102.87
Daily Pivot Point R1 103.99
Daily Pivot Point R2 104.3
Daily Pivot Point R3 104.55

 

 

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