USD Index Price Analysis: Consolidation Likely Ahead Of Further Gains

Dollars, Currency, Money, Us Dollars, Franklin

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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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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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