US Dollar Index Price Analysis: A test of 92.70 (and below) looks likely


  • DXY resumes the downside below the 93.00 mark.
  • Extra losses are forecasted if 92.70 is cleared.

The index is resuming the downside following Tuesday’s bullish attempt. DXY returns to the sub-93.00 area and opens the door to extra losses in the short-term.

The continuation of the downtrend should initially expose 92.70 (low September 10). A deeper pullback carries the potential to test a Fibo level at 91.92 ahead of the 2020 low at 91.75 (September 1).

The negative outlook in DXY is seen unchanged while below the 200-day SMA, today at 97.22.

DXY daily chart

Dollar Index Spot

Overview
Today last price 92.88
Today Daily Change 38
Today Daily Change % -0.23
Today daily open 93.09
 
Trends
Daily SMA20 92.94
Daily SMA50 93.8
Daily SMA100 96.01
Daily SMA200 97.25
 
Levels
Previous Daily High 93.14
Previous Daily Low 92.78
Previous Weekly High 93.66
Previous Weekly Low 92.7
Previous Monthly High 94
Previous Monthly Low 92
Daily Fibonacci 38.2% 93.01
Daily Fibonacci 61.8% 92.92
Daily Pivot Point S1 92.87
Daily Pivot Point S2 92.65
Daily Pivot Point S3 92.51
Daily Pivot Point R1 93.23
Daily Pivot Point R2 93.37
Daily Pivot Point R3 93.59

 

 

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