US Dollar Index Price Analysis: Extra losses remain on the table

DXY is adding to Friday’s sell off below the 92.00 yardstick.
While USD-bears remain well in control, a deeper pullback stays on the cards.

Pablo Piovano FXStreet

DXY dropped to levels last seen in April 2018 in the 91.80/75 band, opening the door for the continuation of the downtrend in the short/medium-term horizon.

That said, further losses are likely under the current bearish context, leaving the index ripe for a move further south of recent lows at 91.75. Against this, the next support of note emerges at the April 2018 low at 89.23 ahead of the March 2018 low at 88.94.

The offered stance in the dollar is expected to remain unchanged while below the 200-day SMA, today at 97.48.

DXY weekly chart

Dollar Index Spot

Overview
Today last price	91.86
Today Daily Change	44
Today Daily Change %	-0.35
Today daily open	92.18

Trends
Daily SMA20	93.01
Daily SMA50	94.72
Daily SMA100	96.78
Daily SMA200	97.52

Levels
Previous Daily High	92.48
Previous Daily Low	92
Previous Weekly High	93.36
Previous Weekly Low	92.2
Previous Monthly High	94
Previous Monthly Low	92
Daily Fibonacci 38.2%	92.18
Daily Fibonacci 61.8%	92.29
Daily Pivot Point S1	91.96
Daily Pivot Point S2	91.74
Daily Pivot Point S3	91.48
Daily Pivot Point R1	92.43
Daily Pivot Point R2	92.69
Daily Pivot Point R3	92.91

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.

AUD/USD bulls seem hesitant below 0.7050 ahead of RBA on Tuesday

AUD/USD reverses an Asian session dip on Monday as renewed optimism over Iran diplomacy boosts investor confidence, keeping a lid on the safe-haven US Dollar and supporting the risk-sensitive Aussie. Spot prices, however, remain below the one-month high, touched last Thursday, as bulls wait for the crucial RBA decision before taking fresh positions.

USD/JPY climbs to 158.00 neighborhood as BoJ uncertainty weighs on the JPY

The USD/JPY pair gains some positive traction at the start of a new week, recovering further from Friday's post-Bank of Japan (BoJ) swing low to sub-157.00 levels. The momentum lifts spot prices to the 158.00 neighborhood during the Asian session and seems unaffected by fresh intervention warning from Japan's Finance Minister Satsuki Katayama.

Gold recovers on positive US-Iran headlines

Gold extends its recovery during American trading hours on Monday, supported by falling Oil prices following positive headlines on US-Iran talks. The metal regains ground after hitting a fresh yearly low of $3,870 on Friday and ending October down 6.87%. However, the rebound lacks conviction as the fundamental backdrop continues to raise doubts over a sustained recovery.

Bitcoin braces for US midterm elections as historical sell-offs revive downside concerns

Bitcoin (BTC) braces for the impact of the US midterm elections, just a week after the $6 billion hack from Binance. Historically, congressional elections have negatively affected not just the president’s party but also Bitcoin. In the last 22 midterms, the ruling party has gained House seats only twice, while the three most recent elections coincided with Bitcoin’s bear market bottoms.

Why strong US growth could not stop the bond rally and AI selloff

The US economy grew at a 3.4% annual rate, yet Treasury yields fell and the Nasdaq ended October with its worst monthly performance since March 2025. The market is no longer rewarding capital expenditure simply because it supports growth. Investors are testing whether that expenditure can produce cash flow and returns above the cost of capital.

The 2% inflation target came from a throwaway remark. It now moves trillions

The Federal Reserve's 2% inflation goal grew out of an off-the-cuff remark by a New Zealand politician in 1988. Bond investors still price long-term US debt as if 2% holds, so a change in how the Fed measures inflation would move markets.