US Dollar Index Price Analysis: Decent hurdle emerges around 93.50

DXY’s upside appears to have faltered near 93.50 so far.
Further north is located the November 2020 high near 94.30.

Pablo Piovano FXStreet

The dollar’s rally seems to have met quite a tough barrier in the mid-93.00s for the time being.

DXY needs to clear this area (preferably in the near-term) to allow for the continuation of the uptrend. In this case, there are no relevant up barriers until the November 2020 highs in the 94.25/30 band.

In the meantime, the downside pressure around the index looks alleviated after the recent breakout of the 200-day SMA (92.48). If DXY manages to keep business above the latter on a sustainable basis, then the outlook should shift to constructive, at least in the near-term.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.17
Today Daily Change	21
Today Daily Change %	-0.01
Today daily open	93.18

Trends
Daily SMA20	92.17
Daily SMA50	91.23
Daily SMA100	91.05
Daily SMA200	92.51

Levels
Previous Daily High	93.44
Previous Daily Low	92.98
Previous Weekly High	92.92
Previous Weekly Low	91.71
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	93.16
Daily Fibonacci 61.8%	93.26
Daily Pivot Point S1	92.97
Daily Pivot Point S2	92.75
Daily Pivot Point S3	92.51
Daily Pivot Point R1	93.42
Daily Pivot Point R2	93.66
Daily Pivot Point R3	93.87

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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