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US Dollar Index Price Analysis: Strong rise could prompt a visit to the 2023 high

  • The DXY suffers slight selling pressure on Monday.
  • Immediately on the rise, the maximum of the year emerges.

The DXY It adds to Friday’s small losses and revisits the 105.20/15 area from earlier in the week.

The continuation of the multi-month rally looks strong and a break of the monthly high of 105.43 (September 14) should encourage DXY to retest the 2023 high of 105.88 (March 8), just before the round 106.00 level.

As long as it remains above the key 200-day SMA, today at 103.02, the outlook for the DXY is expected to remain constructive.

DXY Daily Chart

Dollar Index Spot

Latest price today 105.25
Daily change today twenty
Today’s daily variation -0.08
Today’s daily opening 105.33
daily SMA20 104.27
daily SMA50 102.78
SMA100 daily 102.86
SMA200 daily 103.03
Previous daily high 105.41
Previous daily low 105.08
Previous weekly high 105.44
Previous weekly low 104.42
Previous Monthly High 104.44
Previous monthly low 101.74
Daily Fibonacci 38.2 105.21
Fibonacci 61.8% daily 105.29
Daily Pivot Point S1 105.14
Daily Pivot Point S2 104.94
Daily Pivot Point S3 104.8
Daily Pivot Point R1 105.47
Daily Pivot Point R2 105.61
Daily Pivot Point R3 105.8

Source: Fx Street

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