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.

Pablo Piovano FXStreet

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

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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