US Dollar Index Price Analysis: Immediately to the upside comes 100.00

DXY rapidly leaves behind the 99.00 barrier on Monday.
The continuation of the rally could see 100.00 retested.

Pablo Piovano FXStreet

DXY pushes higher and records new 2022 peaks past the 99.00 yardstick on Monday.

In light of recent price action, further gains remain likely in the very near term at least. That said, the next hurdle aligns at the 99.97 level (May 25 2020 high) closely followed by the psychological 100.00 mark.

The short-term bullish stance remains supported by the 5-month line, today near 95.70, while the longer-term outlook for the dollar is seen as constructive above the 200-day SMA at 94.12.

DXY daily chart

Dollar Index Spot

Overview
Today last price	98.83
Today Daily Change	91
Today Daily Change %	0.35
Today daily open	98.49

Trends
Daily SMA20	96.41
Daily SMA50	96.11
Daily SMA100	95.73
Daily SMA200	94.12

Levels
Previous Daily High	98.93
Previous Daily Low	97.71
Previous Weekly High	98.93
Previous Weekly Low	96.62
Previous Monthly High	97.74
Previous Monthly Low	95.14
Daily Fibonacci 38.2%	98.47
Daily Fibonacci 61.8%	98.18
Daily Pivot Point S1	97.82
Daily Pivot Point S2	97.16
Daily Pivot Point S3	96.61
Daily Pivot Point R1	99.04
Daily Pivot Point R2	99.6
Daily Pivot Point R3	100.26

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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