US Dollar Index Price Analysis: Further upside now targets 115.00

DXY surpasses the 114.00 mark and prints new cycle peaks.
Immediately to the upside now comes the 115.00 hurdle.

Pablo Piovano FXStreet

DXY adds to the ongoing rally and climbs above the 114.00 barrier for the first time since May 2002.

The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 7-month support line near 106.80. That said, occasional bouts of weakness could be deemed as buying opportunities with the immediate target now emerging at the round level at 115.00 ahead of the May 2002 high at 115.32.

In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 102.12.

DXY daily chart

Dollar Index Spot

Overview
Today last price	113.58
Today Daily Change	158
Today Daily Change %	0.50
Today daily open	113.02

Trends
Daily SMA20	110.04
Daily SMA50	108.17
Daily SMA100	106.27
Daily SMA200	102.13

Levels
Previous Daily High	113.02
Previous Daily Low	113.02
Previous Weekly High	113.24
Previous Weekly Low	109.36
Previous Monthly High	109.48
Previous Monthly Low	104.64
Daily Fibonacci 38.2%	113.02
Daily Fibonacci 61.8%	113.02
Daily Pivot Point S1	113.02
Daily Pivot Point S2	113.02
Daily Pivot Point S3	113.02
Daily Pivot Point R1	113.02
Daily Pivot Point R2	113.02
Daily Pivot Point R3	113.02

Author

Pablo Piovano

FXStreet

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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