US Dollar Index Price Analysis: A breach of 90.00 exposes 2021 lows at 89.20

DXY trades in a volatile fashion above 90.00 so far on Friday.
Further south of 90.00 emerges the YTD low at 89.20.

Pablo Piovano FXStreet

DXY alternates gains with losses and always above the key 90.00 level for the time being.

The inability of USD-bulls to push further north of recent tops in the 91.00 region prompted sellers to return to the market and now the focus of attention shifted to the continuation of the downtrend.

That said, a breach of the 90.00 yardstick should not surprise anyone in the short-term horizon. Below this psychological level is located the 2021 lows around 89.20 ahead of the March 2018 low at 88.94.

In the longer run, as long as DXY trades below the 200-day SMA, today at 94.28, the negative view is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price	90.25
Today Daily Change	25
Today Daily Change %	0.18
Today daily open	90.09

Trends
Daily SMA20	90.12
Daily SMA50	90.81
Daily SMA100	92.1
Daily SMA200	94.34

Levels
Previous Daily High	90.48
Previous Daily Low	90.05
Previous Weekly High	90.78
Previous Weekly Low	89.92
Previous Monthly High	92.02
Previous Monthly Low	89.52
Daily Fibonacci 38.2%	90.21
Daily Fibonacci 61.8%	90.31
Daily Pivot Point S1	89.93
Daily Pivot Point S2	89.78
Daily Pivot Point S3	89.5
Daily Pivot Point R1	90.36
Daily Pivot Point R2	90.63
Daily Pivot Point R3	90.79

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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