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DXY Price Analysis: The intermediate upside barrier is at the 100-day moving average

  • The sharp drop in DXY appears to have found some contention near 106.30.
  • Next, on the upside, the 100-day moving average appears above 109.00.

The Dollar Index (DXY) rises after two strong daily pullbacks and recovers the area above 107.00 earlier in the week.

Should the bulls push further, the index could hit a temporary and initial hurdle at the 100-Day Simple Moving Average (SMA) today at 109.08, ahead of the now multi-month resistance line around 109.40 .

Above the latter, the index could resume gains on a more sustainable basis.

DXY day chart

Dollar Spot Index

last price today 107.23
daily change today 86
Today’s daily variation 0.56
Daily opening today 106.63
daily SMA20 110.22
daily SMA50 111.17
daily SMA100 109.33
daily SMA200 105.15
Previous daily high 106.64
Previous Daily Low 106.32
Previous Weekly High 111.4
Previous Weekly Low 106.28
Previous Monthly High 113.95
Previous Monthly Low 109.54
Daily Fibonacci 38.2% 106.52
Daily Fibonacci of 61.8% 106.44
Daily Pivot Point S1 106.42
Daily Pivot Point S2 106.22
Daily Pivot Point S3 106.11
Daily Pivot Point R1 106.73
Daily Pivot Point R2 106.84
Daily Pivot Point R3 107.05

Source: Fx Street

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