US Dollar Index Price Analysis: A move to 90.00 remains on the cards


  • DXY drops and records new yearly lows just above 91.00.
  • Bets for a deeper pullback remain well on the rise.

The bearish momentum surrounding the greenback remains unchanged in spite of the ongoing rebound from earlier 30-month lows around 91.10.

The dollar’s selling pressure is expected to mitigate somewhat above 92.80 (high November 23), although further losses keep targeting the psychological support in the 90.00 yardstick ahead of the April 2018 lows near 89.20.

In the meantime, as long as DXY trades below the 200-day SMA, today at 95.91, the offered stance is forecast to persist.

DXY daily chart

Dollar Index Spot

Overview
Today last price 91.37
Today Daily Change 40
Today Daily Change % 0.21
Today daily open 91.18
 
Trends
Daily SMA20 92.42
Daily SMA50 93.12
Daily SMA100 93.3
Daily SMA200 95.96
 
Levels
Previous Daily High 92.02
Previous Daily Low 91.15
Previous Weekly High 92.81
Previous Weekly Low 91.76
Previous Monthly High 94.31
Previous Monthly Low 91.5
Daily Fibonacci 38.2% 91.48
Daily Fibonacci 61.8% 91.69
Daily Pivot Point S1 90.88
Daily Pivot Point S2 90.58
Daily Pivot Point S3 90.02
Daily Pivot Point R1 91.75
Daily Pivot Point R2 92.32
Daily Pivot Point R3 92.62

 

 

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