USD Index Price Analysis: Further recovery targets the 107.10 area


-  DXY regains composure and adds to Monday’s rebound.

-  Once 106.00 is cleared, the index should shift its attention to 107.10.


DXY extends the rebound from Monday’s lows in the sub-105.00 zone and revisits the 105.70 region on Tuesday.

In case the buying interest gathers extra pace, the index could revisit the so far November high at 107.11 (November 1) ahead of the 2023 peak of 107.34 (October 3).

So far, while above the key 200-day SMA, today at 103.53, the outlook for the index is expected to remain constructive.

DXY daily chart

Dollar Index Spot

Overview
Today last price 105.68
Today Daily Change 49
Today Daily Change % 0.37
Today daily open 105.29
 
Trends
Daily SMA20 106.19
Daily SMA50 105.68
Daily SMA100 103.99
Daily SMA200 103.52
 
Levels
Previous Daily High 105.29
Previous Daily Low 104.85
Previous Weekly High 107.11
Previous Weekly Low 104.94
Previous Monthly High 107.35
Previous Monthly Low 105.35
Daily Fibonacci 38.2% 105.12
Daily Fibonacci 61.8% 105.02
Daily Pivot Point S1 104.99
Daily Pivot Point S2 104.7
Daily Pivot Point S3 104.54
Daily Pivot Point R1 105.44
Daily Pivot Point R2 105.59
Daily Pivot Point R3 105.89

 

 

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