- The DXY alternates gains with losses beyond 98.00.
- The dollar remains supported by the 97.80 region.
The US Dollar Index (DXY) looks to add to Thursday’s advance with the immediate target at the 99.00 round level on Friday.
In light of the recent price action, further gains remain likely for now. That being said, the next hurdle lines up at the 99.97 level (25 May 2020 high) closely followed by the 100.00 psychological mark.
The current bullish stance on the index remains supported by the 5-month line, today near 95.80. The long-term outlook for the dollar looks constructive as long as it remains above the 200-day simple moving average at 94.30.
DXY day chart
Dollar Index Spot
| Panorama | |
|---|---|
| Last Price Today | 98.61 |
| Today’s Daily Change | 0.08 |
| Today’s Daily Change % | 0.08 |
| Today’s Daily Opening | 98.53 |
| Trends | |
|---|---|
| 20 Daily SMA | 97.04 |
| 50 Daily SMA | 96.33 |
| 100 Daily SMA | 95.93 |
| 200 Daily SMA | 94.29 |
| levels | |
|---|---|
| Previous Daily High | 98.6 |
| Previous Daily Minimum | 97.72 |
| Previous Maximum Weekly | 98.93 |
| Previous Weekly Minimum | 96.62 |
| Monthly Prior Maximum | 97.74 |
| Previous Monthly Minimum | 95.14 |
| Daily Fibonacci 38.2% | 98.26 |
| Daily Fibonacci 61.8% | 98.06 |
| Daily Pivot Point S1 | 97.97 |
| Daily Pivot Point S2 | 97.41 |
| Daily Pivot Point S3 | 97.1 |
| Daily Pivot Point R1 | 98.85 |
| Daily Pivot Point R2 | 99.16 |
| Daily Pivot Point R3 | 99.72 |
Source: Fx Street
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