US Dollar Index Price Analysis: A drop to 92.50 gathers pace

DXY remains under pressure around the 92.70 area.
The loss of further momentum could drag DXY to 92.50.

Pablo Piovano FXStreet

Sellers remain hovering around DXY, which trades within a narrow range in the 92.60/70 band following the Friday’s post-Powell moderate selloff.

If the selling bias gathers extra steam, then the index is seen re-visiting the mid-92.50s, where emerges some initial contention. This area of support is reinforced by the 55-day SMA at 92.46.

In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.32.

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.68
Today Daily Change	14
Today Daily Change %	-0.00
Today daily open	92.68

Trends
Daily SMA20	92.82
Daily SMA50	92.54
Daily SMA100	91.6
Daily SMA200	91.32

Levels
Previous Daily High	93.18
Previous Daily Low	92.63
Previous Weekly High	93.49
Previous Weekly Low	92.63
Previous Monthly High	93.19
Previous Monthly Low	91.78
Daily Fibonacci 38.2%	92.84
Daily Fibonacci 61.8%	92.97
Daily Pivot Point S1	92.48
Daily Pivot Point S2	92.28
Daily Pivot Point S3	91.93
Daily Pivot Point R1	93.03
Daily Pivot Point R2	93.38
Daily Pivot Point R3	93.59

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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