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US Dollar Index Price Analysis: Further Recovery Targets 107.10 Zone

The DXY regains its composure and adds to Monday’s bounce.
Once above 106.00, the DXY should focus its attention on 107.10.

The US Dollar Index (DXY) extends the bounce from Monday’s lows in the area below 105.00 and revisits the 105.70 area on Tuesday.

Should buying interest accelerate, the index could revisit the November high at 107.11 (Nov. 1) before the 2023 high at 107.34 (Oct. 3).

For now, as long as it remains above the key 200-day SMA, today at 103.53, the outlook for the DXY is expected to remain constructive.

DXY Daily Chart

Dollar Index Spot

Overview
Latest price today 105.68
Today Daily variation 49
Today’s daily variation 0.37
Today’s daily opening 105.29
Trends
daily SMA20 106.19
daily SMA50 105.68
SMA100 daily 103.99
SMA200 daily 103.52
Levels
Previous daily high 105.29
Previous daily low 104.85
Previous weekly high 107.11
Previous weekly low 104.94
Previous Monthly High 107.35
Previous monthly low 105.35
Daily Fibonacci 38.2 105.12
Fibonacci 61.8% daily 105.02
Daily Pivot Point S1 104.99
Daily Pivot Point S2 104.7
Daily Pivot Point S3 104.54
Daily Pivot Point R1 105.44
Daily Pivot Point R2 105.59
Daily Pivot Point R3 105.89

Source: Fx Street

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