USD Index Price Analysis: Next on the upside comes the 200-day SMA

DXY looks to extend the post-Powell rebound near 106.00.
Further gains now target the 200-day SMA near 106.60.

Pablo Piovano FXStreet

DXY advances further and prints new multi-month highs in the 105.85/90 band on Wednesday.

The continuation of the rebound in the dollar seems like for the time being. The breakout of the round level at 106.00 should put the index en route to a probable test of the key 200-day SMA, today at 106.58.

A convincing move beyond the latter should shift the outlook to constructive in the short-term horizon and allow for the continuation of the uptrend.

DXY daily chart

Dollar Index Spot

Overview
Today last price	105.63
Today Daily Change	29
Today Daily Change %	0.00
Today daily open	105.63

Trends
Daily SMA20	104.22
Daily SMA50	103.4
Daily SMA100	104.79
Daily SMA200	106.83

Levels
Previous Daily High	105.66
Previous Daily Low	104.12
Previous Weekly High	105.36
Previous Weekly Low	104.09
Previous Monthly High	105.36
Previous Monthly Low	100.81
Daily Fibonacci 38.2%	105.07
Daily Fibonacci 61.8%	104.71
Daily Pivot Point S1	104.61
Daily Pivot Point S2	103.6
Daily Pivot Point S3	103.08
Daily Pivot Point R1	106.15
Daily Pivot Point R2	106.67
Daily Pivot Point R3	107.69

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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