- DXY breaks the 105.00 barrier with some conviction.
- The 2022 high near 105.80 (June 15) is next.
The US Dollar Index (DXY) advances for the third session in a row and looks to consolidate the recent breakout of the 105.00 barrier on Thursday.
The index has quickly moved past the weekly high near 105.00 (June 22) and in doing so has opened the door for a possible relatively quick visit to 2022 highs near 105.80 (June 15).
As long as the 4-month line near 102.30 contains the downside, the short-term outlook for the index should remain constructive.
In the longer term, the dollar’s outlook is bullish as long as it is above the 200-day SMA at 98.08.
DXY daily chart
Dollar Index Spot
|Last Price Today||105.48|
|Today’s Daily Change||0.37|
|Today’s Daily Change %||0.35|
|Today’s Daily Opening||105.11|
|20 Daily SMA||103.9|
|50 Daily SMA||103.27|
|100 Daily SMA||100.78|
|200 Daily SMA||98.03|
|Previous Daily High||105.15|
|Previous Daily Minimum||104.36|
|Previous Maximum Weekly||104.95|
|Previous Weekly Minimum||103.86|
|Monthly Prior Maximum||105.01|
|Previous Monthly Minimum||101.3|
|Daily Fibonacci 38.2%||104.85|
|Daily Fibonacci 61.8%||104.66|
|Daily Pivot Point S1||104.59|
|Daily Pivot Point S2||104.08|
|Daily Pivot Point S3||103.8|
|Daily Pivot Point R1||105.38|
|Daily Pivot Point R2||105.66|
|Daily Pivot Point R3||106.18|
Source: Fx Street