US Dollar Index Price Analysis: Extra losses look likely near-term

DXY’s downside flirts with lows in the mid-91.00s.
Next on the downside is located the 91.30 area.

Pablo Piovano FXStreet

The downtrend in DXY remains unabated, picking up extra pace following the recent break below the critical 200-day SMA in past sessions.

That said, a sustainable breach of the 50-day SMA near 91.60 should pave the way for the continuation of the selling bias with the next target emerging around 91.30, where sit weekly lows recorded in mid-March.

Below the 200-day SMA (92.23) the outlook for DXY is expected to remain on the bearish side.

DXY daily chart

Dollar Index Spot

Overview
Today last price	91.56
Today Daily Change	17
Today Daily Change %	-0.10
Today daily open	91.65

Trends
Daily SMA20	92.43
Daily SMA50	91.57
Daily SMA100	91.03
Daily SMA200	92.26

Levels
Previous Daily High	91.85
Previous Daily Low	91.58
Previous Weekly High	93.11
Previous Weekly Low	92
Previous Monthly High	93.44
Previous Monthly Low	90.63
Daily Fibonacci 38.2%	91.68
Daily Fibonacci 61.8%	91.74
Daily Pivot Point S1	91.53
Daily Pivot Point S2	91.42
Daily Pivot Point S3	91.26
Daily Pivot Point R1	91.81
Daily Pivot Point R2	91.97
Daily Pivot Point R3	92.08

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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