US Dollar Index Price Analysis: Immediately to the upside comes 96.43

DXY regains the smile amidst renewed risk aversion.
The weekly high around 96.40 emerges as the next up barrier.

Pablo Piovano FXStreet

DXY reverses two consecutive daily pullbacks and looks to reclaim the area above the 96.00 barrier on Thursday.

If the recovery gathers steam, then the index is expected to challenge the weekly tops at 96.43 (February 14), which is considered the last defence before an assault to the YTD high near 97.50 (January 28).

In the meantime, further gains in DXY looks likely as long as the 5-month line near 95.30 holds the downside.

In the longer run, the outlook for the dollar is seen as positive above the 200-day SMA at 93.70.

DXY daily chart

Dollar Index Spot

Overview
Today last price	95.84
Today Daily Change	39
Today Daily Change %	0.02
Today daily open	95.82

Trends
Daily SMA20	96.02
Daily SMA50	95.99
Daily SMA100	95.41
Daily SMA200	93.71

Levels
Previous Daily High	96.06
Previous Daily Low	95.68
Previous Weekly High	96.11
Previous Weekly Low	95.17
Previous Monthly High	97.44
Previous Monthly Low	94.63
Daily Fibonacci 38.2%	95.82
Daily Fibonacci 61.8%	95.92
Daily Pivot Point S1	95.65
Daily Pivot Point S2	95.47
Daily Pivot Point S3	95.26
Daily Pivot Point R1	96.03
Daily Pivot Point R2	96.24
Daily Pivot Point R3	96.42

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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.