US Dollar Index Price Analysis: A move to 90.00 looms closer


  • DXY drops to new lows near 90.40, rebounds afterwards.
  • The negative stance remains unchanged around the dollar.

DXY clinches fresh 2-month lows in the 90.45/40 band earlier on Thursday.

The likelihood of a deeper pullback remains well in place for the index, with the immediate target at the psychological 90.00 support ahead of the February lows in the 89.70/65 band.

Below the 200-day SMA (91.99) the outlook for DXY is expected to remain on the negative side.

DXY daily chart

Dollar Index Spot

Overview
Today last price 90.65
Today Daily Change 29
Today Daily Change % 0.04
Today daily open 90.61
 
Trends
Daily SMA20 91.71
Daily SMA50 91.65
Daily SMA100 91.02
Daily SMA200 92.02
 
Levels
Previous Daily High 91.13
Previous Daily Low 90.55
Previous Weekly High 91.75
Previous Weekly Low 90.81
Previous Monthly High 93.44
Previous Monthly Low 90.63
Daily Fibonacci 38.2% 90.77
Daily Fibonacci 61.8% 90.91
Daily Pivot Point S1 90.4
Daily Pivot Point S2 90.19
Daily Pivot Point S3 89.82
Daily Pivot Point R1 90.97
Daily Pivot Point R2 91.34
Daily Pivot Point R3 91.55

 

 

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