US Dollar Index Price Analysis: Downside pressure alleviated above 91.94

DXY meets initial hurdle near the 91.50 level on Wednesday.
There is an interim hurdle at the 50-day SMA near 91.75.

Pablo Piovano FXStreet

The bullish attempt in DXY seems to have met some decent hurdle around the 91.50 region this month so far.

Further recovery should not be ruled out in the near-term, with the interim resistance at the 50-day SMA near 91.75. If cleared, then a move to the more relevant 200-day SMA (91.94) could emerge on the horizon.

Above the latter the downside pressure is expected to mitigate somewhat, and the outlook could start shifting to a more constructive one.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.23
Today Daily Change	26
Today Daily Change %	-0.07
Today daily open	91.29

Trends
Daily SMA20	91.38
Daily SMA50	91.71
Daily SMA100	91.03
Daily SMA200	91.95

Levels
Previous Daily High	91.39
Previous Daily Low	90.96
Previous Weekly High	91.32
Previous Weekly Low	90.42
Previous Monthly High	93.33
Previous Monthly Low	90.42
Daily Fibonacci 38.2%	91.23
Daily Fibonacci 61.8%	91.13
Daily Pivot Point S1	91.04
Daily Pivot Point S2	90.79
Daily Pivot Point S3	90.61
Daily Pivot Point R1	91.46
Daily Pivot Point R2	91.64
Daily Pivot Point R3	91.89

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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