USD Index Price Analysis: Attention Now Shifts To 104.70

  • DXY finally surpasses 104.00 and prints new two-month tops.
  • Immediately to the upside emerges the 104.70 zone.

DXY picks up pace and advances to fresh tops around 104.30 at the end of the week.

A clear breakout of the 104.00 region could pave the way for a potential visit to the May top of 104.69 (May 31) prior to the 2023 peak of 105.88 (March 8) in the relatively short-term horizon.

While above the key 200-day SMA, today at 103.12, the outlook for the index is expected to shift to a more constructive one.
 

DXY daily chart

(Click on image to enlarge)


Dollar Index Spot

OVERVIEW
Today last price 104.02
Today Daily Change 36
Today Daily Change % 0.04
Today daily open 103.98
TRENDS
Daily SMA20 102.83
Daily SMA50 102.24
Daily SMA100 102.43
Daily SMA200 103.11
LEVELS
Previous Daily High 104.03
Previous Daily Low 103.27
Previous Weekly High 103.68
Previous Weekly Low 102.77
Previous Monthly High 103.57
Previous Monthly Low 99.57
Daily Fibonacci 38.2% 103.74
Daily Fibonacci 61.8% 103.56
Daily Pivot Point S1 103.49
Daily Pivot Point S2 103.01
Daily Pivot Point S3 102.74
Daily Pivot Point R1 104.25
Daily Pivot Point R2 104.52
Daily Pivot Point R3 105

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Disclosure: Information on this article contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes ...

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