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US Dollar Index Price Analysis: Extra gains line up above 92.50

  • DXY resumes the (small) upside following Tuesday’s retracement.
  • Next on the upside comes in the YTD peaks in the mid-92.00s.

DXY appears to have regained the smile on Wednesday. The rejection from the 92.50 area (March 9) seems to have met decent contention in the 92.00 neighbourhood for the time being.

The continuation of the uptrend looks likely despite the ongoing correction, which is also seem justified on the recent overbought conditions of the index. A surpass of YTD tops around 92.50 should put the 200-day SMA at 92.85 back on the radar.

A break above the latter should shift the outlook to a more constructive one and allow for extra gains to, initially, the November 2020 highs near 94.30 (November 2).

DXY daily chart

Dollar Index Spot

Overview
Today last price92.13
Today Daily Change28
Today Daily Change %0.17
Today daily open91.97
 
Trends
Daily SMA2090.81
Daily SMA5090.55
Daily SMA10091.2
Daily SMA20092.88
 
Levels
Previous Daily High92.5
Previous Daily Low91.91
Previous Weekly High92.21
Previous Weekly Low90.63
Previous Monthly High91.6
Previous Monthly Low89.68
Daily Fibonacci 38.2%92.14
Daily Fibonacci 61.8%92.28
Daily Pivot Point S191.75
Daily Pivot Point S291.54
Daily Pivot Point S391.16
Daily Pivot Point R192.34
Daily Pivot Point R292.72
Daily Pivot Point R392.94

Author

Pablo Piovano

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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