US Dollar Index Price Analysis: Next on the upside emerges 115.00

DXY keeps the rally well in place and flirts with 114.80.
Extra gains should meet the next hurdle at the 115.00 level.

Pablo Piovano FXStreet

DXY keeps pushing higher and clinches new 2-decade peaks in the 114.75/80 band on Wednesday.

The index seems to ignore the current extreme overbought levels and could extend the march north to, initially, the round level at 115.00 prior to the May 2002 top at 115.32.

The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 7-month support line just above 107.00.

In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 102.30.

DXY daily chart

Dollar Index Spot

Overview
Today last price	114.39
Today Daily Change	69
Today Daily Change %	0.20
Today daily open	114.16

Trends
Daily SMA20	110.54
Daily SMA50	108.46
Daily SMA100	106.48
Daily SMA200	102.31

Levels
Previous Daily High	114.47
Previous Daily Low	113.31
Previous Weekly High	113.24
Previous Weekly Low	109.36
Previous Monthly High	109.48
Previous Monthly Low	104.64
Daily Fibonacci 38.2%	114.03
Daily Fibonacci 61.8%	113.76
Daily Pivot Point S1	113.49
Daily Pivot Point S2	112.82
Daily Pivot Point S3	112.33
Daily Pivot Point R1	114.65
Daily Pivot Point R2	115.14
Daily Pivot Point R3	115.8

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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