US Dollar Index Price Analysis: Extra losses seen below 93.20

DXY corrects lower from Friday’s 2021 peaks.
Initial support comes in at the 93.20 region.

Pablo Piovano FXStreet

DXY accelerates losses and meets initial contention around former tops near 93.20.

A breach of this area could expose further weakness in the very near term, with the next relevant support expected to emerge in the mid-92.00s.

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 91.31.

DXY daily chart

Dollar Index Spot

Overview
Today last price	93.28
Today Daily Change	29
Today Daily Change %	-0.19
Today daily open	93.46

Trends
Daily SMA20	92.67
Daily SMA50	92.38
Daily SMA100	91.57
Daily SMA200	91.31

Levels
Previous Daily High	93.73
Previous Daily Low	93.43
Previous Weekly High	93.73
Previous Weekly Low	92.48
Previous Monthly High	93.19
Previous Monthly Low	91.78
Daily Fibonacci 38.2%	93.55
Daily Fibonacci 61.8%	93.62
Daily Pivot Point S1	93.35
Daily Pivot Point S2	93.25
Daily Pivot Point S3	93.06
Daily Pivot Point R1	93.65
Daily Pivot Point R2	93.83
Daily Pivot Point R3	93.94

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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