- The DXY index looks to challenge Thursday’s highs near 105.00.
- Further upside should target the 105.60/65 region.
The US dollar index (DXY) maintains the bullish bias and remains well above the 104.00 hurdle at the end of the week.
Considering the current price action, further gains in the index remain on the table and with the immediate barrier at the 105.00 round level ahead of 105.63 (11 Dec 2002 highs). Further upside expected, DXY index challenges December 2002 high at 107.31.
The index’s current bullish stance remains supported by the 8-month line around 97.00, while the long-term outlook for the dollar looks constructive as long as it remains above the 200-day SMA at 96.28.
DXY day chart
Dollar Index Spot
| Panorama | |
|---|---|
| Last Price Today | 104.79 |
| Today’s Daily Change | 0.03 |
| Today’s Daily Change % | 0.03 |
| Today’s Daily Opening | 104.76 |
| Trends | |
|---|---|
| 20 Daily SMA | 102.58 |
| 50 Daily SMA | 100.41 |
| 100 Daily SMA | 98.24 |
| 200 Daily SMA | 96.24 |
| levels | |
|---|---|
| Previous Daily High | 104.93 |
| Previous Daily Minimum | 103.88 |
| Previous Maximum Weekly | 104.07 |
| Previous Weekly Minimum | 102.34 |
| Monthly Prior Maximum | 103.94 |
| Previous Monthly Minimum | 98.31 |
| Daily Fibonacci 38.2% | 104.53 |
| Daily Fibonacci 61.8% | 104.28 |
| Daily Pivot Point S1 | 104.11 |
| Daily Pivot Point S2 | 103.47 |
| Daily Pivot Point S3 | 103.06 |
| Daily Pivot Point R1 | 105.16 |
| Daily Pivot Point R2 | 105.57 |
| Daily Pivot Point R3 | 106.22 |
Source: Fx Street
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