USD Index Price Analysis: Extra Gains Need To Surpass 105.15

  • DXY fades the earlier bull run to the boundaries of 105.00.
  • Immediately to the upside emerges the monthly high at 105.15.

DXY gives away initial gains and now recedes to the 104.60 region on Wednesday.

The continuation of the multi-week rally appears well and sound and a breakout of 105.00 should encourages the index to retest the September top of 105.15 (September 7) prior to the 2023 peak of 105.88 (March 8).

While above the key 200-day SMA, today at 103.02, the outlook for the index is expected to remain constructive.
 

DXY daily chart

(Click on image to enlarge)


Dollar Index Spot

OVERVIEW
Today last price 104.64
Today Daily Change 45
Today Daily Change % 0.07
Today daily open 104.57
TRENDS
Daily SMA20 104.02
Daily SMA50 102.65
Daily SMA100 102.75
Daily SMA200 103.03
LEVELS
Previous Daily High 104.92
Previous Daily Low 104.45
Previous Weekly High 105.16
Previous Weekly Low 104.02
Previous Monthly High 104.44
Previous Monthly Low 101.74
Daily Fibonacci 38.2% 104.74
Daily Fibonacci 61.8% 104.63
Daily Pivot Point S1 104.38
Daily Pivot Point S2 104.18
Daily Pivot Point S3 103.91
Daily Pivot Point R1 104.84
Daily Pivot Point R2 105.11
Daily Pivot Point R3 105.31

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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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