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USD Index Price Analysis

  • DXY fades the earlier bullish move to new 2-month highs near 104.50.
  • The resumption of the uptrend should retarget the 200-day SMA.

DXY comes under fresh downside pressure following earlier peaks past 104.50 on Tuesday.                                                                                             

In the near term, extra gains appear on the cards despite the ongoing knee-jerk. That said, the surpass of the May high at 104.53 (May 30) should put a potential visit to the key 200-day SMA, today at 105.65, back on the radar prior to the 2023 top of 105.88 (March 8).

Looking at the broader picture, while below the 200-day SMA the outlook for the index is expected to remain negative.

DXY daily chart


Today last price104.04
Today Daily Change56
Today Daily Change %-0.24
Today daily open104.29
Daily SMA20102.67
Daily SMA50102.3
Daily SMA100102.88
Daily SMA200105.55
Previous Daily High104.31
Previous Daily Low104.04
Previous Weekly High104.42
Previous Weekly Low102.96
Previous Monthly High103.06
Previous Monthly Low100.79
Daily Fibonacci 38.2%104.21
Daily Fibonacci 61.8%104.14
Daily Pivot Point S1104.12
Daily Pivot Point S2103.95
Daily Pivot Point S3103.85
Daily Pivot Point R1104.38
Daily Pivot Point R2104.48
Daily Pivot Point R3104.64
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