- DXY quickly breaks through the 99.00 barrier on Monday.
- The continuation of the rally could see 100.00 retested.
The US Dollar Index (DXY) rises further and records new 2022 highs beyond the 99.00 level on Monday.
In light of the recent price action, further gains are likely at least in the short term. That said, the next hurdle lines up at the 99.97 level (25 May 2020 high), closely followed by the key psychological 100.00 level.
The short-term bullish stance remains supported by the 5-month line today near 95.70, while the long-term outlook for the dollar is seen as constructive above the 200-day SMA at 94.12.
DXY daily chart
Technical levels
Dollar Index Spot
| Panorama | |
|---|---|
| Last Price Today | 98.81 |
| Today’s Daily Change | 0.32 |
| Today’s Daily Change % | 0.32 |
| Today’s Daily Opening | 98.49 |
| Trends | |
|---|---|
| 20 Daily SMA | 96.41 |
| 50 Daily SMA | 96.11 |
| 100 Daily SMA | 95.73 |
| 200 Daily SMA | 94.12 |
| levels | |
|---|---|
| Previous Daily High | 98.93 |
| Previous Daily Minimum | 97.71 |
| Previous Maximum Weekly | 98.93 |
| Previous Weekly Minimum | 96.62 |
| Monthly Prior Maximum | 97.74 |
| Previous Monthly Minimum | 95.14 |
| Daily Fibonacci 38.2% | 98.47 |
| Daily Fibonacci 61.8% | 98.18 |
| Daily Pivot Point S1 | 97.82 |
| Daily Pivot Point S2 | 97.16 |
| Daily Pivot Point S3 | 96.61 |
| Daily Pivot Point R1 | 99.04 |
| Daily Pivot Point R2 | 99.6 |
| Daily Pivot Point R3 | 100.26 |
Source: Fx Street
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