US Dollar Index Price Analysis: A deeper pullback could see 93.00 retested


  • DXY remains on the defensive and gradually approaches 93.00.
  • A breach of 93.00 puts the 92.70 region back on the radar.

DXY navigates the area of multi-day lows in the 93.20/15 band on Tuesday, extending at the same time the recent failure at the 6-month resistance line.

A deeper pullback further south of the 93.00 neighbourhood is expected to pave the way for another visit to, initially, the mid-September lows in the 92.70 region.

While below the 200-day SMA, today at 96.80, the negative view on the dollar is expected to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price 93.17
Today Daily Change 35
Today Daily Change % -0.27
Today daily open 93.42
 
Trends
Daily SMA20 93.76
Daily SMA50 93.3
Daily SMA100 94.61
Daily SMA200 96.83
 
Levels
Previous Daily High 93.77
Previous Daily Low 93.21
Previous Weekly High 93.91
Previous Weekly Low 93.01
Previous Monthly High 94.74
Previous Monthly Low 91.74
Daily Fibonacci 38.2% 93.42
Daily Fibonacci 61.8% 93.55
Daily Pivot Point S1 93.16
Daily Pivot Point S2 92.9
Daily Pivot Point S3 92.6
Daily Pivot Point R1 93.72
Daily Pivot Point R2 94.02
Daily Pivot Point R3 94.28

 

 

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