USD Index Price Analysis: Recovery Looks Firm Near Term
- The index pushes higher and consolidates the breakout of 103.00,
- There is an interim hurdle at the 55-day SMA at 103.88.
The march north in the index appears unabated and now extends the recovery from last week’s lows near 100.80 to the area well above the 103.00 yardstick.
DXY surpasses the 3-month line and this allows for the continuation of the upside momentum to, initially, the temporary 55-day SMA, today at 103.88. Further up, there are no relevant hurdles until the 2023 top at 105.63 (January 6).
In the longer run, while below the 200-day SMA at 106.45, the outlook for the index remains negative.
DXY daily chart
(Click on image to enlarge)
Dollar Index Spot
OVERVIEW | |
---|---|
Today last price | 103.29 |
Today Daily Change | 40 |
Today Daily Change % | 0.28 |
Today daily open | 103 |
TRENDS | |
---|---|
Daily SMA20 | 102.25 |
Daily SMA50 | 103.6 |
Daily SMA100 | 106.53 |
Daily SMA200 | 106.69 |
LEVELS | |
---|---|
Previous Daily High | 103.01 |
Previous Daily Low | 101.55 |
Previous Weekly High | 103.01 |
Previous Weekly Low | 100.81 |
Previous Monthly High | 105.63 |
Previous Monthly Low | 101.5 |
Daily Fibonacci 38.2% | 102.45 |
Daily Fibonacci 61.8% | 102.1 |
Daily Pivot Point S1 | 102.03 |
Daily Pivot Point S2 | 101.06 |
Daily Pivot Point S3 | 100.57 |
Daily Pivot Point R1 | 103.49 |
Daily Pivot Point R2 | 103.98 |
Daily Pivot Point R3 | 104.96 |
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