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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.

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 price90.25
Today Daily Change25
Today Daily Change %0.18
Today daily open90.09
 
Trends
Daily SMA2090.12
Daily SMA5090.81
Daily SMA10092.1
Daily SMA20094.34
 
Levels
Previous Daily High90.48
Previous Daily Low90.05
Previous Weekly High90.78
Previous Weekly Low89.92
Previous Monthly High92.02
Previous Monthly Low89.52
Daily Fibonacci 38.2%90.21
Daily Fibonacci 61.8%90.31
Daily Pivot Point S189.93
Daily Pivot Point S289.78
Daily Pivot Point S389.5
Daily Pivot Point R190.36
Daily Pivot Point R290.63
Daily Pivot Point R390.79

Author

Pablo Piovano

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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