USD Index Price Analysis: Next stop at the 2022 high?

DXY extends the upside move beyond the 113.00 yardstick.
The continuation of the rebound could see the YTD peak revisited.

Pablo Piovano FXStreet

DXY’s bounce picks up extra pace and leaves behind the key barrier at 113.00 the figure at the beginning of the week.

If bulls push harder and the index surpasses 114.00, then the next target of note should emerge at the 2002 peak near 114.80 recorded on September 28 ahead of the round level at 115.00.

The prospects for extra gains in the dollar should remain unchanged as long as the index trades above the 7-month support line near 107.60.

In the longer run, DXY is expected to maintain its constructive stance while above the 200-day SMA at 102.93.

DXY daily chart

Dollar Index Spot

Overview
Today last price	113.12
Today Daily Change	69
Today Daily Change %	0.34
Today daily open	112.74

Trends
Daily SMA20	111.53
Daily SMA50	109.35
Daily SMA100	107.14
Daily SMA200	102.95

Levels
Previous Daily High	112.88
Previous Daily Low	111.95
Previous Weekly High	112.88
Previous Weekly Low	110.05
Previous Monthly High	114.78
Previous Monthly Low	107.67
Daily Fibonacci 38.2%	112.52
Daily Fibonacci 61.8%	112.3
Daily Pivot Point S1	112.17
Daily Pivot Point S2	111.59
Daily Pivot Point S3	111.23
Daily Pivot Point R1	113.1
Daily Pivot Point R2	113.46
Daily Pivot Point R3	114.04

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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