The US Dollar DXY Index gives back some of the earlier move near the 99.00 level on Tuesday.
Continued strength in the DXY index has the potential to extend to the next target near 99.00 ahead of the 1-week high at 99.29 (March 14). Should it break above that level, the dollar could attempt an assault on the 2022 high at 99.41 (March 7).
The current bullish stance in the DXY index remains supported by the 6-month line near 96.00, while the long-term outlook for the dollar looks constructive as long as it remains above the 200-day SMA today at 94.59.
US dollar index DXY daily chart
US Dollar Index DXY Technical Levels
| Overview | |
|---|---|
| today last price | 98.6 |
| Today I change daily | 53 |
| Today daily change % | 0.11 |
| Today they open every day | 98.49 |
| Trends | |
|---|---|
| daily SMA20 | 97.94 |
| daily SMA50 | 96.69 |
| daily SMA100 | 96.26 |
| daily SMA200 | 94.59 |
| levels | |
|---|---|
| Previous daily high | 98.53 |
| Previous Daily Low | 98.16 |
| Previous Weekly High | 99.29 |
| Previous Weekly Low | 97.73 |
| Previous Monthly High | 97.74 |
| Previous Monthly Low | 95.14 |
| Daily Fibonacci 38.2% | 98.39 |
| Daily Fibonacci 61.8% | 98.3 |
| daily pivot point S1 | 98.26 |
| daily pivot point S2 | 98.02 |
| Daily Pivot Point S3 | 97.89 |
| daily pivot point R1 | 98.63 |
| daily pivot point R2 | 98.76 |
| daily pivot point R3 | 99 |
Source: Fx Street
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