US Dollar Index Price Analysis: Extra losses likely below 91.80

DXY fades Friday’s uptick and losses the 92.00 mark.
Initial support emerges around the 91.80 region, July lows.

Pablo Piovano FXStreet

DXY remains under pressure and resumes the downtrend below the key support at the 92.00 yardstick.

Further decline still appears on the cards in the current context, however. That said, a move below July’s lows near 91.80 (Friday 30) should open the door to a potential pullback to the 91.50 region (June 23 low). This contention zone is reinforced by the proximity of the 100- and 50-day SMAs and a Fibo level.

In the meantime, and looking at the broader scenario, the positive stance on the dollar is expected to remain unchanged as long as the index trades above the 200-day SMA, today at 91.33.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.97
Today Daily Change	26
Today Daily Change %	-0.13
Today daily open	92.09

Trends
Daily SMA20	92.52
Daily SMA50	91.56
Daily SMA100	91.52
Daily SMA200	91.34

Levels
Previous Daily High	92.2
Previous Daily Low	91.78
Previous Weekly High	92.96
Previous Weekly Low	91.78
Previous Monthly High	93.19
Previous Monthly Low	91.78
Daily Fibonacci 38.2%	92.04
Daily Fibonacci 61.8%	91.94
Daily Pivot Point S1	91.84
Daily Pivot Point S2	91.6
Daily Pivot Point S3	91.42
Daily Pivot Point R1	92.26
Daily Pivot Point R2	92.44
Daily Pivot Point R3	92.68

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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