US Dollar Index Price Analysis: A deeper pullback is on the table

  • DXY drops further and tests 32-month lows around 90.80.
  • Odds for further retracement remain on the rise.

The bearish momentum surrounding the dollar accelerates further and forces the US Dollar Index (DXY) to breach the key support at the 91.00 yardstick.

That said, extra downside remains a solid chance in the short-term horizon, with the immediate target at the psychological support in the 90.00 mark ahead of the April 2018 lows near 89.20.

In the meantime, as long as DXY trades below the 200-day SMA, today at 95.87, the offered stance is forecast to persist.

DXY daily chart

Dollar Index Spot

Today last price 90.88
Today Daily Change 26
Today Daily Change % -0.14
Today daily open 91.01
Daily SMA20 92.3
Daily SMA50 93.05
Daily SMA100 93.25
Daily SMA200 95.92
Previous Daily High 91.5
Previous Daily Low 90.99
Previous Weekly High 92.81
Previous Weekly Low 91.76
Previous Monthly High 94.31
Previous Monthly Low 91.5
Daily Fibonacci 38.2% 91.19
Daily Fibonacci 61.8% 91.31
Daily Pivot Point S1 90.83
Daily Pivot Point S2 90.66
Daily Pivot Point S3 90.32
Daily Pivot Point R1 91.35
Daily Pivot Point R2 91.68
Daily Pivot Point R3 91.86



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD hits fresh one-month low amid souring market mood

EUR/USD has been extending its falls and dips below 1.21 as US retail sales badly disappointed and the worsening mood is supporting the safe-haven dollar. Markets digest Biden's stimulus plan. US Consumer Sentiment declined to 59.2 points. 


GBP/USD retreats toward 1.36 amid fresh dollar strength

GBP/US has pared its gains and falls toward 1.36 as the dollar gains ground. The UK economy shrank by 2.6% in November, better than estimated. The UK is ramping up its vaccination campaign and PM Johnson is pressured to ease the lockdown. 


Gold extends sideways grind near $1,850

The XAU/USD pair registered small daily gains on Thursday but struggled to extend its recovery amid a lack of significant fundamental drivers on Friday. As of writing, the pair was up 0.15% on a daily basis at $1,849.

Gold news

Forex Today: Markets “sell the fact” on Biden's stimulus, dollar rises, retail sales eyed

Markets are on the back foot after Biden hinted about tax hikes while introducing stimulus. The safe-haven dollar is edging higher despite Powell's pledge to keep monetary policy accommodative. 

Read more

DXY breaks above key downtrend, eyes move above 91.00

USD has been strongly supported on what has shaped up to be a very much risk off final trading day of the week. Most G10/USD pairs have seen significant weakness, aside from CHF/USD and JPY/USD, given that the two currencies are also considered “safe havens”.

US Dollar Index News