- DXY quickly breaks above 98.00 on Friday.
The US Dollar Index (DXY) makes new cycle highs well above 98.00 by the end of the week.
There is room for a continuation of the uptrend in the short term. Against that, there are no significant hurdles until the 99.97 level (May 25, 2020 high), which precedes the psychological mark of 100.00.
The short-term bullish stance remains supported by the 5-month line today near 95.60, while the long-term outlook for the dollar is seen as constructive above the 200-day SMA at 94.08.
DXY daily chart
Additional technical levels
Dollar Index Spot
| Panorama | |
|---|---|
| Last Price Today | 98.62 |
| Today’s Daily Change | 0.89 |
| Today’s Daily Change % | 0.91 |
| Today’s Daily Opening | 97.73 |
| Trends | |
|---|---|
| 20 Daily SMA | 96.25 |
| 50 Daily SMA | 96.07 |
| 100 Daily SMA | 95.68 |
| 200 Daily SMA | 94.08 |
| levels | |
|---|---|
| Previous Daily High | 97.95 |
| Previous Daily Minimum | 97.35 |
| Previous Maximum Weekly | 97.74 |
| Previous Weekly Minimum | 95.69 |
| Monthly Prior Maximum | 97.74 |
| Previous Monthly Minimum | 95.14 |
| Daily Fibonacci 38.2% | 97.72 |
| Daily Fibonacci 61.8% | 97.58 |
| Daily Pivot Point S1 | 97.4 |
| Daily Pivot Point S2 | 97.07 |
| Daily Pivot Point S3 | 96.79 |
| Daily Pivot Point R1 | 98 |
| Daily Pivot Point R2 | 98.28 |
| Daily Pivot Point R3 | 98.61 |
Source: Fx Street
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