US Dollar Index Price Analysis: DXY stays pressured around 90.00


  • DXY extends Friday’s breakdown of weekly support, now resistance, as bearish MACD favor sellers.
  • 50-SMA, 100-HMA and a two-week-old support line test bears.

US dollar index (DXY) keeps the previous day’s downbeat performance while declining to 90.10 during Monday’s Asian session.

In doing so, the US dollar gauge versus six major currencies justifies Friday’s downside break of a short-term support line amid bearish MACD.

However, a convergence of 100-SMA and 50-day SMA near 90.00, followed by an ascending trend line from May 25, close to 89.85, will be strong supports to challenge the quote’s further weakness.

It’s worth noting that the DXY south-run past-89.85 won’t hesitate to challenge May’s low near 89.55.

On the flip side, a corrective pullback beyond the previous support line surrounding 90.15 may struggle around 38.2% and 50% Fibonacci retracement levels of the previous month’s downside, respectively near 90.25 and 90.50.

Also acting as the upside filters, beyond 90.50, is the monthly high of 90.62 as well as May 13 swing-top near 90.90.

DXY four-hour chart

Trend: Bearish

Additional important levels

Overview
Today last price 90.11
Today Daily Change -0.02
Today Daily Change % -0.02%
Today daily open 90.13
 
Trends
Daily SMA20 90.11
Daily SMA50 91.05
Daily SMA100 91.06
Daily SMA200 91.62
 
Levels
Previous Daily High 90.63
Previous Daily Low 90.03
Previous Weekly High 90.63
Previous Weekly Low 89.66
Previous Monthly High 91.44
Previous Monthly Low 89.54
Daily Fibonacci 38.2% 90.26
Daily Fibonacci 61.8% 90.4
Daily Pivot Point S1 89.9
Daily Pivot Point S2 89.66
Daily Pivot Point S3 89.3
Daily Pivot Point R1 90.5
Daily Pivot Point R2 90.86
Daily Pivot Point R3 91.1

 

 

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