US Dollar Index Price Analysis: Decent support aligns at the 200-day SMA

The recent weakness in DXY met contention near 92.40.
A breach of this area could trigger further losses near-term.

Pablo Piovano FXStreet

Monday’s downtick in the dollar halted just ahead of the critical 200-day SMA in the 92.40 region.

While above this area, the near-term outlook for DXY is expected to remain constructive and allow for extra gains.

On the opposite side, a convincing return to the area below the 200-day SMA should negate the ongoing near-term positive stance and open the door to fresh weakness to, initially, 91.30 (March 18).

DXY daily chart

Dollar Index Spot

Overview
Today last price	92.74
Today Daily Change	25
Today Daily Change %	0.16
Today daily open	92.59

Trends
Daily SMA20	92.29
Daily SMA50	91.38
Daily SMA100	91.05
Daily SMA200	92.44

Levels
Previous Daily High	93.11
Previous Daily Low	92.54
Previous Weekly High	93.44
Previous Weekly Low	92.72
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	92.76
Daily Fibonacci 61.8%	92.89
Daily Pivot Point S1	92.39
Daily Pivot Point S2	92.18
Daily Pivot Point S3	91.82
Daily Pivot Point R1	92.95
Daily Pivot Point R2	93.32
Daily Pivot Point R3	93.52

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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