USD Index Price Analysis: Consolidation Likely Ahead Of Further Gains
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- DXY picks up a strong pace and surpasses the 105.00 hurdle.
- Next on the upside comes 2023 high near 105.30.
DXY resumes the weekly upside and reclaims the 105.00 mark and above, rapidly leaving behind Wednesday’s marked pullback.
Immediately to the upside for the dollar appears the February peak at 105.35 (February 27). The surpass of this level should pave the way for the continuation of the multi-week uptrend to challenge the 2023 top at 105.63 (January 6).
In the longer run, while below the 200-day SMA at 106.52, the outlook for the index remains negative.
DXY daily chart
(Click on image to enlarge)
Dollar Index Spot
OVERVIEW | |
---|---|
Today last price | 105.03 |
Today Daily Change | 77 |
Today Daily Change % | 0.61 |
Today daily open | 104.39 |
TRENDS | |
---|---|
Daily SMA20 | 103.84 |
Daily SMA50 | 103.36 |
Daily SMA100 | 105.08 |
Daily SMA200 | 106.83 |
LEVELS | |
---|---|
Previous Daily High | 105.09 |
Previous Daily Low | 104.09 |
Previous Weekly High | 105.32 |
Previous Weekly Low | 103.76 |
Previous Monthly High | 105.36 |
Previous Monthly Low | 100.81 |
Daily Fibonacci 38.2% | 104.48 |
Daily Fibonacci 61.8% | 104.71 |
Daily Pivot Point S1 | 103.96 |
Daily Pivot Point S2 | 103.52 |
Daily Pivot Point S3 | 102.96 |
Daily Pivot Point R1 | 104.96 |
Daily Pivot Point R2 | 105.53 |
Daily Pivot Point R3 | 105.96 |
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