Note

US Dollar Index Price Analysis: Looks consolidative near-term

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  • DXY extends the side-lined trading above 90.00 on Friday.
  • Further upside targets the 2021 high near 90.70.

DXY remains in a consolidative-mode and manages well to keep the trade above the 90.00 mark for the time being.

If bulls regain control of the sentiment on a more serious stance, then the index could re-visit the so far YTD tops in the 90.70/75 band ahead of the weekly high in the 91.00 region (December 21). Above this level, the prevailing downside pressure is expected to mitigate somewhat.

In the longer run, as long as DXY trades below the 200-day SMA, today at 94.50, the negative view is forecast to prevail.

DXY daily chart

US Dollar Index Price Analysis: Looks consolidative near-term

Dollar Index Spot

Overview
Today last price 90.41
Today Daily Change 24
Today Daily Change % 0.19
Today daily open 90.24
Trends
Daily SMA20 90.07
Daily SMA50 91.04
Daily SMA100 92.2
Daily SMA200 94.56
Levels
Previous Daily High 90.58
Previous Daily Low 90.07
Previous Weekly High 90.25
Previous Weekly Low 89.21
Previous Monthly High 92.02
Previous Monthly Low 89.52
Daily Fibonacci 38.2% 90.27
Daily Fibonacci 61.8% 90.39
Daily Pivot Point S1 90.01
Daily Pivot Point S2 89.79
Daily Pivot Point S3 89.51
Daily Pivot Point R1 90.52
Daily Pivot Point R2 90.8
Daily Pivot Point R3 91.03

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